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A look back at last week’s most read stories

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  • 04/07/2014
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A look back at last week’s most read stories
Each Friday, Mortgage Solutions rounds up the most popular articles on the website over the past week.

This week’s top five stories:

1) How Facebook updates could aid underwriting decisions
Freddie McMahon, director of strategy and innovation at data firm Anomaly42, looks at how mortgage lenders could be missing a trick when it comes to underwriting techniques.

2) Why are more mortgage brokers caught for fraud than IFAs? – Stockton
So why are more mortgage brokers caught out for fraud than Independent Financial Advisers, writes Nigel Stockton.

3) Police to consider further action against Wonga
The City of London Police is to consider further action against payday loan firm Wonga following its misleading legal letters scandal.

4) Brightstar recruits Chris Bramham as director of mortgages
Brightstar Financial, the specialist lending master broker, has brought Chris Bramham into the fold as director of mortgages.

5) Leaked report reveals government’s doubt in housing strategy
The government’s housebuilding policy came under fire in the House of Lords this morning after a leaked document revealed the government expects housing starts to fall by 4% this year.

Here are some stories you may have missed:

Brokers battle against base rate confusion – Marketwatch
This week we asked our all broker panel what, amidst this confusion, they are telling their clients who want to know if now is good time to fix rates.

Scurry to sell repossessed properties loses value for creditors
Repossessed properties could achieve up to 20% more if insolvency practitioners (IPs)and lenders forged closer links with a range of auction houses, said a London-based auctioneer.

RBS set to drive up ‘underweight’ market share through branches
Royal Bank of Scotland has set its sights on a 12-15% market share target by the end of 2014 by doubling its advisers and refocusing on its branch network.

TMW launches let-to-buy range
The Mortgage Works is set to launch a range of let-to-buy products up to 75% loan-to-value (LTV) from tomorrow.

Sean Lock to headline British Mortgage Awards 2014
Comedian Sean Lock is to perform at the British Mortgage Awards 2014 in London next week.

The Buy to Let Business gets tough for charity

A team from Surrey-based brokerage The Buy to Let Business are getting set to take on a grueling charity challenge to raise money for the Ollie Young Foundation.

Called “Mortgage Mudders” the 21 staff members will be taking part in the Tough Mudder challenge on 25 October in Winchester, Hants.

The 12 mile course sees participants battle against a host of obstacles from electroshocks, ice pits, 12ft high climbing walls and, of course, lots of mud! The course is designed to test stamina, determination and resiliency.

All the money raised by The Buy to Let Business team will go to the Ollie Young foundation which funds research into brain tumours in children (the biggest cancer killer of children).

The foundation was set up in memory of brave Ollie Young who lost his fight to an incurable brain tumour the day before his sixth birthday, just 12 weeks after showing first symptoms.

The Buy to Let Business/Buy to Let Club team has set a fundraising target of £10,000.

Ying Tan, managing director of The Buy to Let Business, said: “The Ollie Young Foundation does some amazing work in funding research into brain tumours and as such it was an easy decision for us to make it our chosen charity.

“The Tough Mudder challenge is sure to be a grueling endurance test but the team have been training for some time and we all know just how important is we reach our fundraising target so that will spur us on to overcome the challenge!”

To show your support and donate to a very worthy cause visit the team’s Just Giving page HERE.

 

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