http://www.introducertoday.co.uk Daily Mortgage Adviser News Copyright 2007 Introducer Today http://www.introducertoday.co.uk/News/Story/?storyid=1021&type=news_features The number of unsold homes in the United States is at the highest for at least 40 years, with prices continuing to slide.   The July report from the National Association of Realtors showed that two out of every five sales are now distressed sales, including foreclosed homes put on the... http://www.introducertoday.co.uk/News/Story/?storyid=1020&type=news_features Fewer than 22,500 mortgages were approved last month, a 65% decline on July last year and almost identical to the record lows for June.   According to the British Bankers' Association, just 22,448 mortgage loans were approved in July, only slightly ahead of June's low of 22,369 and compares with an average... http://www.introducertoday.co.uk/News/Story/?storyid=1019&type=news_features An overwhelming 83% of home movers are either pushing back their moving date or postponing their entire move indefinitely, as a result of the Government's dithering over Stamp Duty.   Moveme, an online planning aid for people moving home, surveyed 1,500 people on its database.   Of these, only 17% said that the uncertainty... http://www.introducertoday.co.uk/News/Story/?storyid=18749563&type=news_feed More sub-prime mortgage borrowers fell behind with their repayments during the second quarter, new figures have shown. Data from credit rating company Standard & Poor's (S&P) reveal that 23.31 per cent of all sub-prime mortgages were in arrears during the period. This compares with a figure of 22.17 at the... http://www.introducertoday.co.uk/News/Story/?storyid=18749548&type=news_feed The number of mortgages approved for house purchase fell slightly during July, new data has shown. According to the latest figures from the British Bankers' Association (BBA), 22,448 home loans were approved over the course of the month. This is broadly in line with the preceding month's figure of 22,369.... http://www.introducertoday.co.uk/News/Story/?storyid=18749542&type=news_feed The downturn in house prices has failed to significantly impact on the amount of equity held by UK pensioners, it has been revealed. According to the Prudential Equity Release Index, the total amount of equity held by the nation's population of over-65s stands at £726.43 billion. Unsurprisingly, the areas where... http://www.introducertoday.co.uk/News/Story/?storyid=1018&type=news_features The global economic slow down is without a doubt having an impact on the housing market across the globe. The broad scope of pressures and persistent uncertainty in the capital markets combined with ongoing market volatility is forcing many lenders to react quickly to market conditions which are changing on a... http://www.introducertoday.co.uk/News/Story/?storyid=1017&type=news_features Nomis Solutions Offers Pricing and Customer Response Insights to Help Retention Strategies and Improve Loan Profitability and Volumes With recent figures from the Council of Mortgage Lenders identifying that 1.4 million loans are due to mature and potentially reset to the standard variable rate (SVR) in 2008 , an unprecedented challenge... http://www.introducertoday.co.uk/News/Story/?storyid=1015&type=news_features Nomis Price OptimizerTM License Agreement Renewed Based on Four Years of Achieved Benefits Nomis Solutions, the leader in pricing optimization for banking and finance, announces today that HBOS has renewed its license of the Nomis Price Optimizer™.  The hosted solution, used by HBOS’ pricing managers to optimize the prices of consumer... http://www.introducertoday.co.uk/News/Story/?storyid=18747268&type=news_feed The value of British families' possessions is set to rise dramatically over the next five years, despite signs that the economy is poised to enter a recession. Research conducted by life and home insurance provider More Than found that the average 'lifesworth' of families with 2.4 children will soar from... http://www.introducertoday.co.uk/News/Story/?storyid=18747267&type=news_feed The cost of a fixed mortgage has fallen to levels last seen a year ago, after a number of high street lenders moved to cut rates on their products in recent weeks. According to a study conducted by MoneyFacts.co.uk, the average rate on a two-year fixed rate offering has dropped... http://www.introducertoday.co.uk/News/Story/?storyid=18747265&type=news_feed Britons are becoming more duplicitous as they bid to sell their homes amid worsening conditions in the UK property sector, a survey has revealed. In a poll conducted by Homeserve, a quarter of those quizzed admitted that they have lied to potential buyers in order to make their homes more... http://www.introducertoday.co.uk/News/Story/?storyid=1014&type=news_features The market slowdown has claimed another victim, Hipstar. The HIP provider, based in Chertsey, Surrey, has gone into administration. Callers to the company are told that a liquidator is to be appointed and that anyone with queries meanwhile should email info@hipstar.co.uk Hipstar also had a significant franchise operation and is believed to have... http://www.introducertoday.co.uk/News/Story/?storyid=18744942&type=news_feed Leeds Building Society has cut the cost of its fixed rate mortgage offerings, following similar moves from rival lenders. The company has confirmed that its new fixes will feature rates up to 0.5 per cent cheaper than its previous deals.This will see the rate on its two-year fix with loan... http://www.introducertoday.co.uk/News/Story/?storyid=18744935&type=news_feed Newbuild homes continued to fall in price last month, with homebuilders forced to cut asking prices in the face of dwindling demand. Data from SmartNewHomes.com, the average price of a home fell by 1.3 per cent over the course of the month to hit £248,755.This is some 5.1 per cent... http://www.introducertoday.co.uk/News/Story/?storyid=18744934&type=news_feed Some 3.4 million consumers have been rejected for a personal loan or mortgage on at least one occasion over the last 18 months, as lenders tightened their borrowing criteria in the face of the credit crunch. Figures from GE Money Home Lending's research also revealed that 458,000 would-be borrowers had... http://www.introducertoday.co.uk/News/Story/?storyid=1013&type=news_features The Orchard Healthcare Plan is the fast and simple way to develop additional earnings to your monthly income.  By merely introducing the businesses you work alongside in the SME sector to the scheme, you will receive a generous introduction payment for every employee that joins. In addition, by joining the scheme, as... http://www.introducertoday.co.uk/News/Story/?storyid=18742674&type=news_feed Income payment protection (IPI) is a hard sell for independent financial advisers (IFAs) due to products that consumers find difficult to comprehend and the perception that the cover is superfluous, it has been claimed. This is the claim of financial product ratings body Defaqto, which identified the barriers to greater... http://www.introducertoday.co.uk/News/Story/?storyid=18742664&type=news_feed Royal Bank of Scotland (RBS) and NatWest have announced the launch of a new range of mortgage products. The fixed rate offerings are available for terms of two, three, five, seven and ten years, with rates dictated according to whether the deal is for a loan to value (LTV) of... http://www.introducertoday.co.uk/News/Story/?storyid=18742655&type=news_feed The fall in mortgage lending in the UK will continue for the rest of year and well into 2009, it has been predicted. Datamonitor calculates that lenders will advance some £293 billion over the course of 2008. This represents a fall of 19.3 per cent from the figure of £363...