Acting as a key part of the build up to this brand new event, our newsletter offers Credit Strategy’s perspective on current developments driving the mortgage market, a chance to get to know our speakers and just the sort content we think you’d like to hear.
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Precise owner floats on the London Stock Exchange
The parent company of Precise Mortgages, Charter Court Financial Services Group, entered the exchange with the share price set at 230p. The initial public offering (IPO) comprises 86.9 million existing shares and 8.6 million newly issued shares for the parent company of Precise Mortgages, Charter Savings Bank and Exact Mortgage Experts.
Brokers supporting re-mortgaging
Sitting down with brokers today, I find that there are two concerns front of mind: Finding good quality leads and keeping customers on their books long-term. So what can a DA do to proactively retain clients?
London property bubble set to burst?
As average house prices and transactions across the UK continue rise, with prices up 1.5% to reach £293,000, one could be forgiven for thinking everything was rosy in the property market.
NatWest first UK bank to offer paperless mortgages
As the great wave of digitalisation continues to move through financial services and words like ‘Fintech’ and ‘Blockchain’ hum around boardrooms of financial institutions across the world, the digital future seems to be getting ever closer. Yet still these seem to be merely buzzwords at this point, largely being sounded off by CEOs staging a ‘who can look the most interested’ competition at Sibos..
Lead sourcing for independent brokers
Since joining MortgageGym, I’ve spent most of my time speaking with brokers and lenders to better understand the issues with mortgage distribution. I also bring more than 15 years working as a broker and with brokers to these conversations.
Conveyancing Association argues for commonhold
In a response to the Department for Communities and Local Governments latest consultation paper ‘Tackling unfair practices in the leasehold market’, the Conveyancing Association (CA), the trade body for conveyancers, has urged the government to look towards the use of commonhold rather than leasehold by developers.
FCA looking into old options
The Financial Conduct Authority is currently overseeing a consultation that could see the re-emergence of contentious "interest-only" mortgages that in case may run through to the holder’s death.
Creating Technology to support Brokers
Technology has the potential to change the face of mortgage distribution dramatically, yet many brokers still appear to be anxious about stepping into the digital realm. In fact, a recent survey showed that as many as 40% of brokers did not even have a website; one could argue, a minimum requirement for any business in the 21st century.
Get to know...Grant Hendry
This week we’re getting to know MortgageGym’s Grant Hendry. Those who’ve been following the newsletter will probably have read the blog he contributed last week, and if you haven’t yet I’d highly recommend the fascinating piece on technology supporting brokers he’s penned for us this week. I thought you’d like to get to know him…
Over the past year buy-to-let investors could be forgiven for feeling ever so slightly beleaguered, having been repeatedly hit by a host of reforms introduced by former chancellor, George Osborne.
Rate sourcing and lender affordability
Brokers need to identify a handful of key pieces of information to add value to their customers’ financial lives.
Get to know...Peter Izard
This week we’re getting to know a former Harrods Bank Head of Intermediary and current Investec Private Bank Business Development Manager.
Lloyds to pay £280m redress to customers in mortgage arrear
Lloyds Banking Group is setting up a redress scheme that will see £283m paid out to 590,000 customers charged fees, including litigation fees, when falling into mortgage arrears.
House prices continue to rise, but growth slowing
Despite average UK house prices rising to £219,000 in July, price growth has hit its slowest rate in over four years, according to the latest figures from Halifax.
Senior managers regime, coming to your firm and our conference
On the morning of the FCA revealing how it’s going to apply its senior managers regime (SMR) to all FCA regulated firms (yes that means you) we’d like to announce we’re adding a session on SMR to the agenda.
Robo-advice - The future of mortgages?
Robo-advice is a term that has become ubiquitous in conversations about the mortgage market in 2017. It was prevalent last year after new entrants to the intermediary market offering robo-advice precipitated debates around how far its influence would stretch – and the extent of its threat to the incumbent broker market.
Get to know… Ray Boulger
This week we’re getting to know ‘mortgage guru’ Ray Boulger, a man who I’m sure needs no introduction. Also, a man who needs no invitation to talk about the mortgage market, as I’m sure you’ll be able to tell by the length of this week’s ’60 second interview’. Let’s get straight to it.
Are we witnessing the return of sub-prime?
Following the financial crisis in 2007-08 the sub-prime end of the market had all but died. Now lenders are slowly but surely returning to the market, seeing a gap and demographics to which they can offer more support.
The conference has two streams, so now the price looks even more reasonable
As well as an address from the FCA and high level panels examining where the market is right now and what the next twelve months will hold for your business - the conference will go on to focus on two key themes, across two streams which delegates will have the flexibility to move between throughout the day.
Get to know…John Ingram
John, previously founded Burlington Group a multi-award winning national business and respected pioneer in the financial services collections sector. Upon selling the business to Marston John co-founded MortgageGym with a vision to radically redefine the consumer experience of the mortgage application process by fusing new technology with regulatory change and embracing compliance. You can find out more about his company and our headline sponsor here MortgageGym. Here are John’s questions.
How the Mortgage Conference will clarify industry concerns
Stay up to date on the developments in the mortgage industry and what you’ll gain form the Mortgage Conference, directly from the man who put the event together.
Get to know...Jamie Pritchard
Every two weeks, as part of this newsletter, we will be allowing you to get to know one of our speakers, giving you a chance to get to know the people currently shaping the industry. This week it’s the turn of Precise Mortgage’s Head of Sales, Jamie Pritchard.