View more on these topics

Nine in line to move into lending market

This year is set to be a busy one for the mortgage market with the Council of Mortgage Lenders predicting that up to nine new lenders will enter the UK market.

Brokers wait with anticipation for Michael Bolton’s venture, backed by the Oakwood Group, as well as what Deutsche Bank will come up with after recruiting a team from The Mortgage Business.

The mortgage merry-go-round has seen Morgan Stanley enter the UK through its purchase of Advantage Home Loans while RBS Group is lining up a renewed assault on the sector after announcing its four main brands will change their focus to specific areas of mortgage lending.

The market also waits to see if Bradford & Bingley will finally be sold, with Grupo Santander looking like the most likely suitor. Alliance & Leicester also looks like a potential target for anyone with deep pockets looking to acquire a business focused on the buy- to-let and the first-time-buyer markets.

On the regulation front, the FSA is certain to keep a close eye on the mortgage market, having vowed to keep reviewing target areas such as sub-prime, lifetime mortgages and promotional material. It is also going to scrutinise mortgage exit admin fees and early redemption fees, which have rocketed since M-Day.

Home information packs are scheduled for a pilot scheme this year but it remains to be seen who will pay the predicted cost of around 600. Some secretly hope that if the test falters, the Office of the Deputy Prime Minister will scrap Hips.

With Chancellor Gordon Brown raining down on the property Sipp parade, it looks like attention will turn to commercial property and real estate investment trusts.

Back on the corporate front, Mortgage Force is likely to continue boosting its numbers of franchisees and Purely Mortgages has expansion in its sights, funded by a cash injection from the Tchenguiz fund.

Savills is looking to boost its market share with a plan- ned move into the non-conforming sector.

Recommended

Canada Life launches new absence management programme

Canada Life is launching a new Absence Management Programme following the knowledge that absenteeism costs UK businesses around £12.2bn a year.The scheme, offered as an extension of the group income protection scheme already held with Canada Life or to new business clients as an optional element of a new group IP scheme.It is designed to […]

Is this the endgame for the current mergers & acquisitions boom?

Last year, worldwide mergers and acquisitions (M&A) rose to an unprecedented $4.7tn, according to Thomson Reuters, a 41 per cent increase over 2014. Anthony Forcione, senior equity analyst at Loomis Sayles, an affiliate of Natixis Global Asset Management, looks at what’s been driving this particular wave of mergers. Click here to view full article: Loomis-Sayles

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com