Press Releases from First Mortgage Trust (3 total)
UK mortgage market and Home Information Packs
Along with the forthcoming implementation of HMO's (houses of multiple occupation) and now Home Information Packs are these initiatives in the public interest. A 6 month pilot scheme within the Bristol area has been seen as somewhat lightweight and still leaves many questions unanswered.
The government has assured everyone working in the industry that it will not introduce HIPs until it is absolutely clear that they are going to work. How…
UK Mortgage lending :: CML publishes strongest December lending figures on recor …
Gross UK mortgage lending fell by 6% in December to an estimated £26.3 billion according to the latest data from the Council of Mortgage Lenders. However, this was 25% stronger than the £21 billion achieved in December 2004 and is the strongest figure for December on record. The figures also show that gross lending in 2005 totalled £287.5 billion, down by only 1% on the record £291.2 billion in 2004.…
Mortgage regulation one year on - has the FSA got it right?
The original aim of mortgage regulation was to protect the consumer, but is the consumer paying dearly for this protection and is the Financial Services Authority seen as a toothless tiger.
One year on and estimates of 40 per cent of mortgage brokers leaving the industry, is the UK mortgage industry in turmoil. Mystery shopping trips and phone calls (55 per cent of companies were still not complying with rules)…
