Brokers in the dark over lender MMR plans
Interesting how stress tests don’t seem to factor in any improvements to the borrowers circumstances, just rises in rates! Stress test of SVR plus 3.5% are a joke, especially as the MPC has said that a return to pre-crisis levels of 5% plus are highly unlikely!
The Cynical Broker
Scratching the two-year itch – Legal & General
Don’t forget that Brokers have also pushed short-term fixed rates in the past so they can get another proc fee…
Good Mortgage Man
‘To put quality at the heart of the business, you let go of the numbers’ – Personal Touch
A good article Sam, I think Max is spot on with his stance on concentrating on the customers and not the numbers. It’s not going to be an easy ride for anyone in the industry though, far from it.
Steve Devine
Osborne said to face £20bn black hole in Budget
That is easy to resolve remove tax subsidies to landlords with BTL mortgages. Income tax and capital gains tax will come flooding in from 1.2 million landlords.
Colin Cloy
Thank you for your comments this week
