15 - Wednesday 15th February
A new bridging loan sourcing system has been launched, providing help for brokers to place cases directly with independent mortgage brokers. The system providers criteria data for more than 25 bridging lenders and provides the opportunity for brokers to see which lenders will accept their bridging loan clients. The new system has been launched by Ed Payne, the former commercial manager at Moneyfacts and former IFA and developer Roly Birkwood. Mortgage news on 15th February 2012 is provided by external sources and delivered by Mortgage Lenders and Brokers, one of the UK's finest directories for independent mortgage specialists.
- Sourcing system for bridging loans launched
A bridging sourcing system to help brokers directly place cases with lenders has been launched today by Ed Payne, the former commercial manager at Moneyfacts.
Wed 15th Feb 2012 12:01am - Lloyds tightens rules on interest-only loans
Lender will no longer accept cash savings, including individual savings accounts, as an acceptable way to repay mortgages
Wed 15th Feb 2012 3:00pm - Margaret Cole to leave the FSA
Margaret Cole, managing director and board member of the Financial Services Authority, is to leave the organisation later this year, after nearly seven years at the UK regulator.
Wed 15th Feb 2012 4:43pm - Lloyds makes further interest-only changes
Lloyds Banking Group is making a number of restrictions to its interest-only offering from tomorrow.
Wed 15th Feb 2012 1:11pm - Brilliant Solutions adds MBS Lending to panel
Brilliant Solutions has added Melton Mowbray Building Society to its lending panel.
Wed 15th Feb 2012 12:52pm - ASA upholds complaint over misleading mortgage broker ad
The Advertising Standards Authority has upheld a complaint against recruitment website Baker Coop over one of its ads for a trainee mortgage broker.
Wed 15th Feb 2012 10:19am - Unemployment rises to 2.67m
Unemployment is up 48,000 to 2.67 million in the final quarter of 2011, Office for National Statistics data shows.
Wed 15th Feb 2012 10:04am - ASA bans NatWest and RBS ads
The Advertising Standards Authority has upheld a complaint against two television ads for NatWest and The Royal Bank of Scotland, which claim to provide banking services wherever they are the “last bank in town”.
Wed 15th Feb 2012 10:00am - Barclays unveils Future Fix mortgage at 70% LTV
Barclays has launched Future Fix, a new mortgage combining a base rate tracker with a fixed follow-on rate, designed to give borrowers the best of both worlds.
Wed 15th Feb 2012 8:46am - Thousands face interest-only mortgage crunch due to tough lending checks
Anyone with less than 25 per cent equity or little savings may be forced to switch from interest-only to a repayment mortgage - adding hundreds of pounds to their monthly bill.
Wed 15th Feb 2012 4:17pm - Lloyds tightens rules on interest-only loans
Lender will no longer accept cash savings, including individual savings accounts, as an acceptable way to repay mortgages
Wed 15th Feb 2012 3:00pm
