For my final article of 2011, I have to start with the obligatory round up: It’s been a year where we were supposedly out of recession but certainly not into fullrecovery! Business volumes remained constant throughout the year, yet the smaller Building societies/mutuals were, apparently, the only ones actively crying out for more! Bank of […]
Category: Blogs
A lot of Mortgage activity in the run up to Christmas
There has been substantial mortgage activity happening across the country as we rolltowards the Christmas break and festivities. This is slightly unusual for this time of year, but then nothing surprises us any more in the current climate! I certainly shall not complain at being very busy! As mentioned last week, Abbey for Intermediaries (part […]
Make sure you can pay back before you spend
Trying to remain positive in a reasonably bleak market is tough at the best of times. However, not only are the national press hinting that rates are to increase, but the Bank of England are also getting in on the act!! This week, in it’s Financial Stability Report, the Bank has said wholesale funding (loans […]
SWAP rates on the increase
Can you believe it’s December already? It’s been a busy few weeks at AToM towers. Consumers have been reviewing their finances and looking to secure a good deal in time for the Christmas break. Many are torn between a long term fixed rate and the temptation of a medium term tracker rate. The latter obviously […]
Inside the mortgage trade exhibition!
Over 70 exhibitors, including AToM, were in attendance at last week’s Mortgage trade event of the year – Mortgage Business EXPO 2011. More than 2,500 Mortgage Brokers, Independent Financial Advisers and Estate Agents visited over the two days to explore the products and offerings of the many Banks, Building Societies, Solicitors, Bridging and Commercial Funders […]
Is your adviser qualified?
In October 2004, mortgages fell under the spell of the regulator, The Financial Services Authority. This was not a bad thing as it was becoming very clear at that time that certain areas of the mortgage market were not being patrolled properly and that some of the borrowing public may not, in turn, have been […]
Small positives and Mortgage Expo!
Each month I shudder as various statistics arrive on my desk – £130m daily increasein Government national debt (PSND); 1,600 people made redundant daily; 99 dailyproperty repossessions and the suggestion that every UK adult owes £29k (122%of average earnings). This, in addition to the global issues currently taking up the daily headlines and adding immense […]
It’s still tough out there..
Getting a mortgage application through a lender in the current climates can still be challenging. One day it appears relatively easy, yet the next, it’s a nightmare! So whatever you do, try to not give lenders any excuses to decline your application or refuse to lend to you. Try to pay bills on time, don’t […]
Exclusively through AToM – Packaging!
It’s been a really busy fewweeks at AToM HQ. For those regularreaders, you will know that AToM does not only arrange mortgages for thegeneral public who visit the shop front, but we are also a specialist packager/distributordealing with mortgage brokers, estate agents and independent financial advisersnationally. For some lenders, AToM actsas the administration arm, collating […]
The Process!
The mortgage process, regardless of whether you are a first time buyer, home mover or simply re-mortgaging, will be roughly the same. On any new purchase, the selling agent will seek to agree a number of deadlines with you, including the arrangement of mortgage finance. At this point you should make sure that you speak […]