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Mortgages & housing

Arrears

  • Greater court protection for homeowners: consultation

    A consultation on whether homeowners who have failed to repay consumer credit debts should have accrued a minimum level of debt before a court can order the sale of their home has been released by the Ministry of Justice.

  • Repossessions Bill will burden lenders

    The 'Mortgage Repossessions (Protection of Tenants etc.) Bill 2009' had its second reading in the House of Commons last Friday.

  • Effectively reducing lender losses

    As an increasing amount of borrowers face up to the prospect of being unable to sustain payments for their buy-to-let properties, lenders continue to face the task of successfully managing and assisting customers through this potentially sustained period of risk.

  • Please Sir, may I have an order?

    Gavin Dowell of Glenisters assesses the current judicial approach to mortgage possession litigation as lenders continue to show forbearance

  • Repossession changes in Scotland

    A new Scottish Bill is set to bring about big changes to lenders’ repossession procedures in Scotland. Lenders need to be aware of what is on the horizon, says Denise Loney of Optima Legal

  • One million householders use credit card to pay mortgage or rent

    More than one million householders have used credit cards to pay their mortgage or rent in the last 12 months, according to a survey by housing charity Shelter.

Legal

  • Greater court protection for homeowners: consultation

    A consultation on whether homeowners who have failed to repay consumer credit debts should have accrued a minimum level of debt before a court can order the sale of their home has been released by the Ministry of Justice.

  • Please Sir, may I have an order?

    Gavin Dowell of Glenisters assesses the current judicial approach to mortgage possession litigation as lenders continue to show forbearance

  • Repossession changes in Scotland

    A new Scottish Bill is set to bring about big changes to lenders’ repossession procedures in Scotland. Lenders need to be aware of what is on the horizon, says Denise Loney of Optima Legal

  • Court advocates respond to advice charity MPAP report

    The ‘Turning the tide?’ report,  published by advice sector organisations Advice UK, Citizens Advice Bureau and Shelter in December, suggested a third of mortgage lenders are failing to comply with the Mortgage Pre-Action Protocol (MPAP).

  • ERSA branches out into Scotland

    The Equity Release Solicitors’ Alliance (ERSA) has signed up new Scottish member, Caesar & Howie.

  • Non-lawyers could offer legal services by 2011

    A consultation paper containing detailed proposals for reforming the delivery of legal services in England and Wales has been published by the Legal Services Board (LSB).

Technology

  • The funding dilemma

    Neil Warman of HML examines how funding is driving strategic change throughout the mortgage industry and how obtaining it is only the first hurdle when deciding how to operate in the UK lending market

  • Sourcing Governance

    David Ellis and Guru Rao of Capco look at what is key to successful sourcing initiatives and how the adoption of a particular governance model is dependent on the size, maturity and development of an organisation's sourcing capability

  • TrigoldCrystal’s Equity Release sourcing system goes live

    The TrigoldCrystal equity release sourcing system went live today for all users. This new tool enables intermediaries to source and select equity release products using a ‘benefits driven’ sourcing engine and will be available to the seven out of ten brokers using the TrigoldCrystal system.

  • XIT2 becomes CML Associate member

    Xit2, the property data hub, has joinied the Council of Mortgage Lenders as an Associate Member. The CML now has 84 Associate Members and, after Bank of China joined in October, 136 Full Members.

  • Testing times for CMBS servicers

    Servicing commercial mortgages is complex, particularly since the number of loans in default has risen. Mark Miller of LNR Partners & Hatfield Philips discusses how CMBS servicers’ responsibilities have increased

  • HML wins Global Excellence Award for BPM project

    HML, the financial outsourcing provider, has won the Silver Award for Europe in the 2009 Global Awards for Excellence in Business Process Management (BPM) and Workflow.

Other

  • Director banned by FSA for Client Money failings

    The Financial Services Authority has banned the director of a Manchester based mortgage and general insurance firm from holding senior positions in the financial services industry after his failure to comply with client money rules resulted in the loss of around £85,000 of his customers’ money.

  • Base rate stays at 0.5%

    The Bank of England’s Monetary Policy Committee has voted to maintain Bank Base Rate at 0.5% and to keep quantitative easing at £200 billion.

  • Conservative Party CTF plans contradict aim to create savings culture

    The Conservative Party will not achieve its aim of creating a savings culture in the UK if they cut the Child Trust Fund (CTF), says Family Investments.

  • CIFAS: Recession impacts on rise in fraud

    The overall level of fraud increased by 9 per cent during 2009, according to CIFAS - The UK's Fraud Prevention Service.

  • The changing face of regulation

    Although changes in regulation are due, once the Mortgage Market Review has been completed, it could take some time before anything actually happens. Paul Hunt of Phoebus Software discusses how this will impact on lenders and software suppliers

  • Surveying the 2010 horizon

    2010 is shaping up to be a year of change for the country, not to mention the housing market and more specifically the survey and valuation industry. Ross Bowen of Connells Survey & Valuation looks at the year ahead


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While this website is checked for accuracy, we are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions.

 

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