The Mortgage Market Review (MMR) has permanently hardwired more conservative lending into the UK market which has been seen since the end of 2008.
Waitrose released an advert last year that follows the efforts of one boy who fights against the elements only to grow a single carrot.
As the phrase ‘one year on from MMR’ starts to fade away, it is being replaced with ‘one year until the MCD’.
Other Blog post articles
Universal Credit (UC) was initially introduced in 2013 and, with its continued roll out throughout 2014 and 2015, will eventually replace most existing benefits and tax credits.
Getting expert advice is as important as it’s ever been and we all know the value that customers place on choice, product and service.
The recent announcement from the FCA that second charge lenders will not have to find out the rate of first charges when offering a secured loan is an interesting one.
It appears that the mortgage rate war is over; interest rates have gone down as far as they can until there is nowhere else for them to go.
Mortgage approvals hit a six-year high at the start of 2014 with the return of pent-up demand for housing, improving economic outlook and low mortgage rates.
What I love about this industry is the constant changes and challenges we face, often we look back and find our businesses are stronger as a result.
The last few months seem to have been a relentless succession of procuration fee increases, with murmurs of ‘about time too’ from networks and mortgage clubs and no small amount of ‘we’re doing it because we care’ from the lenders involved.
In March this year the FCA published a consultation paper titled Risks to customers from performance management at firms which went largely unnoticed by the industry but threatens to completely undermine the way firms set and manage performance, especially with sales teams.
It has been a very exciting few weeks for the buy-to-let industry, as criteria tweaks and new entrants continue to boost competition within the sector.
The latest English Housing Survey for 2013/14 showed that despite the extreme difficulty many first-time buyers face getting their foot on the housing ladder, Britain remains a nation of proud property lovers.
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