Precise mortgages
Following an operational review, residential conveyancer Goldsmith Williams is aligning itself more closely with the lending market.
Precise Mortgages is planning to launch into the second charge buy-to-let market in the next three months.
Precise Mortgages has issued its second public securitisation, with the deal expected to be closed in the next month.
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Last week George Osborne handed the Bank of England the power to cap the size of mortgage loans compared to family income and house values.
Secured lender Precise says responsible lending must become a priority for all second-charge lenders ahead of full regulation due in March 2016.
Charter Court Financial Services Limited (CCFS) is preparing for its second securitisation following the successful completion of its inaugural portfolio launch in December 2013.
Specialist lender GE Money has withdrawn its interest-only mortgage range due to the additional underwriting considerations of the product type.
Precise Mortgages, the specialist lender, has launched an almost-prime range for buy-to-let landlords with minor and historic credit issues.
Legal & General's retail protection sales rose by 56% year-on-year in quarter one to £42m, results from its interim management statement have revealed.
Almost 80% of consumers rent because barriers to saving and the eventual cost of the mortgage are just too high, according to research.
This week, regulation of the second charge market passed from the Office of Fair Trading to the Financial Conduct Authority.
Precise Mortgages has announced its Mortgage Market Review (MMR) readiness plans, with the lender promising brokers will see ‘minimal changes’ when submitting cases.
Lenders, it seems, are preparing for the surge in business expected as a result of the MMR by loosening criteria and boosting their ranges.
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