Mortgage advice bureau (mab)
Mortgage Advice Bureau (MAB) increased the number of its individual advisers by 22% last year from 521 in 2013 to 634 as at 31 December 2014, its full-year results have shown.
The number of UK residential transactions was down by almost 8% in February, according to official figures.
More mortgage products were on offer to consumers in February than at any time since the financial crisis, research has shown.
Other Mortgage advice bureau (mab) articles
The past few months have seen increased competition in the mortgage market with a number of new lenders launching or announcing their intention to do so.
The Help to Buy equity loan scheme has helped prevent a drop in house building, analysis from a broker firm has stated.
Loan-to-value (LTV) mortgages of 95% must be available under the government’s new Starter Homes initiative for it to be able to compete with Help to Buy, the Mortgage Advice Bureau (MAB) said.
The remortgage market experienced a long-awaited boost in January with applications up 24% in the month and 17% year-on-year, according to the Mortgage Advice Bureau.
Andrew Montlake and Brian Murphy have defended their position after being accused of encouraging consumers to get into debt at the risk of losing their homes.
Peter Brodnicki CEO of Mortgage Advice Bureau opened its annual conference last week with this speech outlining the changing dynamics of the advice market.
Mortgage Advice Bureau's new homes director Andy Frankish interviews housing minister Brandon Lewis exclusively for the group's Trailblazers conference.
Legal and General's director of mortgage club and housing, LGN, Stephen Smith said gross mortgage lending is projected to build to £240bn in 2016 amid some of the best conditions the market has seen for many years.
Panelists at the Mortgage Advice Bureau Trailblazers conference agreed technology will drive real innovation in the mortgage market, not a return to riskier lending practices.
The salaries of homebuyers using the Help to Buy mortgage guarantee scheme fell 11% in the final quarter of 2014 from £31,270 to £27,957, research has revealed.
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