View more on these topics

Non-conforming business activity rises for mortgage brokers in July

Mortgage brokers are experiencing an up-turn in activity in the non-conforming market according to Mortgages plc and Mortgage Promotions.

According to their joing market view survey for July, 63 per cent of brokers say they have seen non-conforming business levels increase during July, compared to 33 per cent last month.

The research also shows 70 per cent of brokers use a single sourcing system. The top list of priorities when identifying the best products for clients are competitive interest rates, initial monthly payments and no extended tie-ins.

Mortgages plc sales and marketing director Peter Beaumont says: “There has been significant marketing activity amongst non-conforming lenders during recent months, with new products and more competitive mortgage rates being launched by a number of companies. This appears to have stimulated the non-conforming sector, with intermediaries actively promoting the new deals on offer.”

Recommended

GE Life enhanced annuities rise 1%

Intelliflo will be the biggest software provider for the IFA sector within three years, claims chief executive Nick Eatock. The company is among the five biggest software providers for the IFA market, doubling user numbers from 2,000 to 4,000 since the management buyout from former parent Millfield in January, and Eatock says the firm’s use […]

Stimulant dispensed at wrong time

So, the Bank of England has cut interest rates, citing slower household spending and business investment. As something of a contrarian, I cannot help believe that a rate cut at this point in the economic cycle only intensifies the risk that rates will have to increase more aggressively in future.

Hedge of darkness

Hedge funds have traditionally been the preserve of the very wealthy but a recent move by the FSA to con- sult on whether they should be made available to retail investors has resurrected a long-standing debate.

Exclusion zones

After the appalling London bombings of July 7, survivors, victims and families of the deceased are having to dealing with various insurance companies for their claims. Many insurance companies have an exclusion clause for acts of terrorism. Bupa life policies cover acts of terrorism but its PMI policies do not.Fortunately, most of the “household name” […]

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