Category: council of mortgage lenders

Budget could lead to a Buy to Let boom?

Last weeks budget raised a few eyebrows as the Chancellor included a surprise change to pension withdrawal requirements.  From April 2015, there will be no requirements to purchase an annuity (providing ongoing monthly income) from built up pension contributions.  This was an interesting amendment as effectively the Chancellor is allowing and trusting the consumer to […]

Read the small print and don’t get searched

Some comparison websites are causing a stir.  We’ve had a few customers contact us for a mortgage recently who have been totally unaware that they have had a number of credit searches carried out having recently searched for competitive renewal quotes on their home or car insurance.   I’m sure it will be stated somewhere in […]

Lenders targeting those with small deposits.

According to the Council of Mortgage Lenders (CML), gross mortgage lending fell in January by 9 per cent.  Lenders advanced £10.4bn, compared to £11.4bn in December.  This surprised me as with rates so low, the mortgage market has been buoyant with activity.  AToM reported our third best month, for four years, in January!  February was […]

Credit Rating Downgrades…

Lots of news this week surrounding banks and how some have had their credit ratings downgraded by ratings agency, Moody’s.  These moves are a consequence of the on-going Eurozone crisis and weak economic performances.  Despite low interest rates and falling LIBOR (London InterBank Offered Rate), the impact on the costs of borrowing funds, for the […]

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 […]

What about a secured loan?

With all the recent headlines appearing in the national press on mortgage rates, are you looking to remortgage? Most lenders look to attract new customers, but are less likely to offer attractive options to stay with them. This, in the main, is due to the different fees and charges that can be added to the […]

AToM win mortgage industry ‘Oscar’

AToM attended the Mortgage Strategy annual awards ceremony at the Grosvenor House Hotel in Park Lane last week. These awards are the ‘Oscars’ of the mortgage world and an opportunity for those who have managed to survive the incredibly tough climate in the mortgage market, to meet and be recognised. I was aware that AToM […]

Rates down and Lenders are attractive!

Two weeks into the working year and the mortgage market is looking incredibly positive! Many lenders, including Abbey, Chelsea, Coventry, Halifax and Nationwide have reduced their fixed rates recently. Others have increased the amount you can borrow against the value of the property and another lender has launched an 80% tracker rate with no redemption […]

Future’s still not bright….

02/10/09 – The Land Registry has confirmed this week that house prices decreased in August by 0.1%. Slightly unsurprising news as their data is from property sales some months previous. However it is also stark reality that despite signs we are on the way out of recession, the market recovery is going to be slow […]