Hot on the heels of Exact’s recent announcement that they are servicing a mortgage book for a well-known mutual lender they have today confirmed that they have won a new contract to service a book of second charge loans which adds approximately another 6000 customers to its platform. Exact ...

The avalanche of lenders changing their interest-only policies over the past few weeks is likely to cause a ripple effect among small lenders that will find themselves swamped with applications. Of course this is not the only change affecting the intermediary market – there is also the lack ...

Exact has won a contract to service mortgages for a well known mutual lender with the boarding of a pool of £200 million having taken place earlier this month. Exact now has eleven clients including four tier one investment banks and several investment funds. The boarding of the new mortgage ...

Our launch of joint legal representation has caused a stir in the bridging market. Most bridging loans are completed under separate legal representation where borrowers and lenders use different solicitors for conveyancing.This can create delays and increase the cost to the borrower and I can’t ...

I hear that there may be some new companies climbing out of the gutter soon purporting to get borrower’s compensation for mortgage misselling. Just today I had a call to my mobile number from a company who openly stated they were authorised by the Department of Justice to get me ...

A couple of weeks ago I wrote in my column about the inconsistency in the way bridging lenders calculate interest payments which could end up costing borrowers thousands of pounds. Shortly after publication I was at a meeting with a number of trade bodies interested in the bridging market and it ...

As long as there are lenders there will be someone trying to defraud them so it is important that we remain vigilant and aware of the risks. The risk to lenders is obvious but the risk to brokers and other professionals in the supply chain is not so obvious. Here is a good reason why you should ...

Have you noticed the days have started getting longer? Given some of the pessimism at the moment, I think quite a few people have succumbed to SAD, or seasonal affective disorder. Why not think about some reasons to be positive? For example, the Mortgage Strategy awards are in a few weeks so even ...

Santander’s confirmation that it is to enter the BTL market is good news for brokers and also for short term lenders like ourselves. Next year I believe we will see a number of lenders opt to go into the BTL market for two reasons, firstly the market for low LTV super prime customers is being ...

Last week I was out and about attending our roadshows, driving up and down the country in a 1966 Routemaster bus. The discussions have been great, especially those that focussed on how we can all work together to make 2012 a better year. A lot of the conversations were about how we get ...