Archive for November, 2010

Mortgage staff need qualification, say plans [at Financial Times]

Tuesday, November 30th, 2010

Mortgage staff need qualification, say plans [at Financial Times]
Anyone selling mortgages will have to hold a professional qualification and disclose how they are paid under the latest proposals put forward by the regulator to strengthen the lending market.

House prices to fall amid lower mortgage approvals
House prices are expected to fall further after Bank of England figures showed mortgage approvals dropped for the sixth month in a row.

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Tuesday, November 30th, 2010

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UK Mortgage Repossessions Continue To Fall: CML
(RTTNews) – UK mortgage arrears as well as possessions continued to ease, suggesting that low interest rates coupled with responsible approach by borrowers as well as lenders and support from the government helped to keep payment problems in check, the Council of Mortgage Lenders said Thursday.

Diana Clement : Out of recession but in denial about debt

Sunday, November 28th, 2010

Diana Clement : Out of recession but in denial about debt
We’re officially out of recession. Tell that to the steady stream of financially stressed people making their way to mortgage brokers (and debt counsellors) and you might get a string of expletives in reply.Sheryl Moyle, broker…

UK banks say gross mortgage lending in October is lowest since February 2001
LONDON – Gross mortgage lending in Britain has fallen to its lowest level since February 2001 as the housing market remains subdued, the British

FSA launches crackdown on mortgage lending rules
People selling mortgages will have to possess professional qualifications as part of an overhaul of the lending market being carried out by the City watchdog, it was announced. Related Stories Festive debt for one in five Solving problem over new postal address took years EEF firms optimistic for growth Northern Ireland businesses ‘paint an alarming picture’ of economy UK banks suffer fallout …