UK: RECORD HOME LENDING IN 2000
Article Abstract:
Mortgage lending amounted to GBu 119.3bn in 2000, up 4.4% from 1999, according to a survey by the Council of Mortgage Lenders and the Department of the Environment, Transport & the Regions. The remortgaging sector accounted for 28% of total lending. House purchase loans accounted for 66% of all gross advances in December 2000, down GBu 300mn from the previous month. Total mortgage lending in December 2000 amounted to GBu 10bn, against GBu 10.9bn for the previous month.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: CML warns new rules could cause job losses
Article Abstract:
The Council of Mortgage Lenders (CML) says that the FSA's draft mortgage regulations are unworkable and could force many mortgage advisers out of business. The main problem is the proposal that 'reasonable steps' be taken by lenders to regulate brokers, while the N3 deadline of August 2003 is said to be unrealistic because of the lengthy changes that will have to be made to IT systems.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: FSA FORECASTS MORTGAGE ADVISER DECLINE
Article Abstract:
The Financial Services Authority (FSA) is anticipating a drop in the number of mortgage advisers to 30,000, from 46,000 as a result of mortgage regulation. Some 25% of UK lenders could also be pushed out of the market, with those with outstanding loans of under GBu 5bn most at risk.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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- Abstracts: UK: PRUDENTIAL'S STAKEHOLDER SELLING CRITICISED. UK: ABI CONCERNED ABOUT STAKEHOLDER CONFUSION. UK: GOVERNMENT AMENDS STAKEHOLDER RULES
- Abstracts: UK: SKIPTON BUILDING SOCIETY LAUNCHES TRACKER BOND. UK: SKIPTON LAUNCHES TRACKER MORTGAGE. UK: SKIPTON ANNOUNCES FIXED RATE BOND
- Abstracts: UK: SCARBOROUGH LAUNCHES TRACKER MORTGAGE. UK: SVR MORTGAGE RATE FROM PORTMAN FALLS. UK: LENDERS' DEAL TO LAUNCH NEW STEP DOWN MORTGAGE
- Abstracts: UK: REPORT SHOWS GROWTH IN RETAIL ASSET MANAGEMENT. UK: SCOTTISH EQUITABLE LAUNCHES MVAS
- Abstracts: UK: SCOTTISH WIDOWS OFFERS DUAL INTEREST OPTION. UK: NORTHERN ROCK LAUNCHES FLEXIBLE FIXED MORTGAGE