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Mortgage market slowing down

The Council of Mortgage Lenders says gross mortgage lending slowed down to £25bn in August, 13 per cent lower than in July where it stood at £28.9bn. This is in contrast to last month when lending was up by 3 per cent on the previous month&#39s figure of £28.2bn. Additionally, the Royal Institution of Chartered Surveyors says potential buyers are being more wary although it rules out a market crash. RICS says buyer enquiries in August were down for the fourth month in a row.


What&#39s on in Manchester

CONFERENCE ROOM 1SESSION 109:00-09:30Opening Keynote SpeechPaul Rich, Sector Leader Manager for Retail Intermediaries, FSA SESSION 209:45-10:45Mortgage Regulation Panel DebateThe panel will discuss which exams intermediaries will need to pass under the new regime, the regulatory position on General Insurance, Lifetime Mortgages, Home Reversion Mortgages,and the options available to intermediaries in order to remain fully qualified. […]

SPML launches new prime plus range

Southern Pacific Mortgage is launching a new prime plus range together with fixed and discounted offers. The aim of the prime plus range is to offer a range of products for all customer credit profiles ranging from non-conforming to mainstream. Prime plus is available up to 85 per cent loan to value, and features a […]

Norwich & Peterborough – 10 Year Fixed Rate

Type: Fixed rate mortgage Fixed term: 10 years Fixed rate: 5.57% Minimum loan: £1,000 Maximum loan: Up to 90% of valuation subject to a maximum of £250,000, up to 85% of valuation subject to no maximum Income multiples: Up to 4.5 times principal income plus second or 3.4 times joint Arrangement fee: £399 Redemption fee: […]

No let-up in endowment complaints

Mortgage endowment complaints are coming to the Fin-ancial Ombudsman Service at a rate of 1,300 a week, says chief ombudsman Walter Merricks. Merricks said endowment complaints are showing no sign of abating and that the biggest challenge is recruiting people fast enough to deal with the volumes of complaints. He said the FOS had to […]

Lifetime ISAs – International Evidence

By Fiona Tait, Pensions Specialist Since the announcement in March, the Lifetime ISA (LISA) has attracted controversy. Heralded as a saviour for the self-employed and the young wanting to get on the housing ladder, the new LISA risks adding confusion for savers trying to fully understand the benefits of new workplace pension savings through auto-enrolment. To […]


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