Lenders are preparing an attack on the intermediary market share through developments in technology expected to hit the market in 2017, warned the Association of Mortgage Intermediaries chief executive Robert Sinclair.
Nominations for the most deserving individuals have been received and assessed from across the industry.
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Private house building slowed by 1.6% in February while output in the overall construction industry declined by 0.9%, government statistics revealed.
Monthly secured lending volumes rose by 10.7% in February from £58.2m to £64.4m, figures from the Loans Warehouse index revealed.
Housing policy is being used as “political football” and should instead be handed to the Bank of England to create an effective long-term strategy, argues Precise Mortgages managing director Alan Cleary.
What counts as self-employed? At opposite ends of the spectrum are Principality building society, which deems someone to be self-employed if they own just 5% of a company’s shareholding, and Newbury which classes a borrower as self-employed if they own a minimum 40% of a company’s shares.
Precise Mortgages has completed its fourth securitisation for £205m bringing its total issuance since December 2013 to more than £800m.
Challenger bank Charter Savings Bank has officially entered the market with a number of savings accounts with rates up to 2.50% AER.
Precise Mortgages has launched a range of second charge loan products exclusively for its master broker panel, with loan amounts ranging from £30,000 to £200,000.
For proof that the winds of change are blowing in favour of the intermediary, look to the distribution sector, where lenders have been asked to pitch their service and commercial propositions to win a spot on Openwork's network.
The second charge market enjoyed a tremendous resurgence in 2014 as new lenders launched product ranges and new broker firms set up to deliver them to consumers.
Precise Mortgages has launched an unregulated bridging loan with a 0% facility fee available up to 75% loan-to-value (LTV) with a streamlined set of validation requirements.
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