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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.


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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


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