Post Office to roll out ‘mortgage specialists’ to more branches
The Royal Mail can’t even get their core business in order, delivering post in an agreed and timely manner, what makes them think they can get their mortgage offering correct.
Time, money, resources completely misused for what is never going to be a volume business for them. They might write some mortgage business, but if the likes of Nationwide can’t get their house in order, what hope do the Post Office think they have.
Matthew Gamble
26 Nov 2012 | 14:07
Post Office to roll out ‘mortgage specialists’ to more branches
Like so/so many, having had the “opportunity” to retire thrust (reluctantly) upon me a couple of years back, I watch with incredulity the spiral of “insanity” that continues to “infect” our industry.
Like so many of you all that spent so much time studying and gaining experience, I so much enjoyed exploring client needs, explaining options and guiding responsible long term action. Am I alone in feeling that we are drifting back to a “dark age” of client advice?
So sad
26 Nov 2012 | 16:14
Coventry Building Society withdraws interest-only mortgages
Another one bites the dust. I note that BTL will still be available on an IO basis. No lender has given an explanation as to why they won’t lend IO on resi, but will continue to on BTL.
What’s the difference? Oh, BTL mortgages are non FSA regulated. So much for responsible lending…
Mike Snorkins
29 Nov 2012 | 11:48
Abbey to offer more mortgages to 90% LTV
As great as this story is on one count, it would also be good to see Abbey lend 90% on flats.
There are certain parts of the country where first time buyers can only afford to buy a flat and this excludes them the choice of using Abbey. Hopefully they will relax this as well at some point.
David Sheppard
29 Nov 2012 | 13:19
HSBC launches 1.99% two-year fix
Ooooh! More headline grabbing money being thrown at the 60% LTV market! Just what the housing market needs!
Why would anyone in their right mind take a deal that puts them on the lenders SVR, just a few months after the implementation of the MMR?? How could that ever be called good advice?
The Cynical Broker
30 Nov 2012 | 14:20
Thank you for your comments this week.
