http://www.introducertoday.co.uk Daily Mortgage Adviser News Copyright 2007 Introducer Today http://www.introducertoday.co.uk/News/Story/?storyid=18885888&type=news_feed Northern Rock has claimed that repossession is a last resort for customers with homeowner loans worth 125 per cent of the value of their property.The nationalised lenders Together mortgage deals account for one-third of its mortgage book.However, the deals represent one half of all mortgages in arrears and three-quarters of... http://www.introducertoday.co.uk/News/Story/?storyid=18885881&type=news_feed Principality Building Society, one of three lenders still offering sub-prime mortgages, has unveiled a new system that allows intermediaries to track the progress of their customer's products.Available to a selection of mortgage intermediaries through the Nemo Personal Finance brand, the tracking system will allow them to keep an eye on... http://www.introducertoday.co.uk/News/Story/?storyid=18885872&type=news_feed The buy-to-let mortgage sector could be in for a rough ride as mortgages sold with loose underwriting standards start to underperform, according to Standard & Poor.According to the financial services firm, the mortgage market will react poorly to the current economic downturn and in particular will fare far worse than... http://www.introducertoday.co.uk/News/Story/?storyid=18885864&type=news_feed Consumer confidence in estate agents, housing and the mortgage sector remains low, according to new research by the Department for Business, Enterprise and Regulatory Reform (BERR).The sectors all failed to garner more than 63 points out of 100 on BERR's Consumer Confidence Index.Measuring six key performance indicators – ease of... http://www.introducertoday.co.uk/News/Story/?storyid=18885587&type=news_feed Homeowners struggling with their monthly mortgage repayments need more support from central government, according to the Council of Mortgage Lenders (CML).The CML believes that a new income support initiative for mortgage interest repayments, which will come into effect in January, does not go far enough.Whitehall's new initiative will help around... http://www.introducertoday.co.uk/News/Story/?storyid=18885585&type=news_feed Scottish landlords with buy-to-letmortgages who do not make energy performance certificates (EPCs) available to their new tenants could face a £5,000 fine as a result of new legislation.However, the National Landlords Association (NLA) believes the Scottish government is not doing enough to ensure buy-to-let mortgage holders are up to speed... http://www.introducertoday.co.uk/News/Story/?storyid=1178&type=news_features Mortgage Angels have recently announced that they will now be supplying Life Insurance leads   The response has been fantastic and still they still have a few remaining postcodes to allocate to advisors wishing to take these leads -.   The cost per lead will vary between £35-£40 depending of postcode coverage and... http://www.introducertoday.co.uk/News/Story/?storyid=18884752&type=news_feed Wakefield council is running a new scheme to help local people pay their mortgages.The council is preparing to provide a limited number of interest-free loans to residents in its governing area who are worst hit by the financial climate, to the value of £15,000.It is also set to reduce the... http://www.introducertoday.co.uk/News/Story/?storyid=18883410&type=news_feed The majority of property professionals believe the government must act now and suspend stamp duty and further reduce interest rates, according to the National Association of Estate Agents (NAEA).More than half of estate agents surveyed by the NAEA claimed they had no faith in the government's current policies and believed... http://www.introducertoday.co.uk/News/Story/?storyid=18883408&type=news_feed Homeowners with interest-only mortgages could be under threat from falling property prices.According to Liverpool Victoria (LV), the insurance, pensions and investment group, there is a worrying mortgage gap opening up for nearly half of the UK's 2.9 million interest-only mortgage holders.Some 45 per cent (1.3 million) of those with an... http://www.introducertoday.co.uk/News/Story/?storyid=18883401&type=news_feed Mortgage lenders in the UK could be given new powers to repossess homes from buy-to-let landlords without obtaining a court order first.According to the Council of Mortgage Lenders (CML), lenders should "step into a landlord's shoes" – especially those struggling to make mortgage repayments.However, a spokesperson for the CML said... http://www.introducertoday.co.uk/News/Story/?storyid=1177&type=news_features New debt rescue tool withdrawn by government at last minute SIVAs could have prevented lenders frustrating fair debt relief for consumers A blow against debt resolution – as... http://www.introducertoday.co.uk/News/Story/?storyid=1176&type=news_features Leading mortgage packager and distributor, Complete Mortgage and Loan Services Ltd (Complete), has been appointed as the sole packager on Debt Advice Network’s panel for the remainder of 2008, and will continue to be one of only three packagers used by the charity from the start of 2009 onwards. Debt Advice... http://www.introducertoday.co.uk/News/Story/?storyid=18881226&type=news_feed Shoppers could soon be picking up a mortgage while at the supermarket, according to the new chief executive of Tesco Personal Finance (TPF).Benny Higgins during an interview with the Times has given a large hint that Tesco mortgages could soon be on their way after the supermarket giant launched its... http://www.introducertoday.co.uk/News/Story/?storyid=18881221&type=news_feed A growing number of people are voluntarily handing over their house keys, according to a leading charity.The National Debtline claims they have received a marked increase in calls from desperate homeowners looking to avoid repossessions.According to the Independent, four of the largest mortgage lenders in the UK have also reported... http://www.introducertoday.co.uk/News/Story/?storyid=18881211&type=news_feed Buy-to-let investors could be set to snap up an increasing number of properties over the next 12 months, according to a new study.A recent survey by The Mortgage Works, a subsidiary of Nationwide Building Society, found that almost 50 per cent of "professional investors" expect to purchase two or more... http://www.introducertoday.co.uk/News/Story/?storyid=1175&type=news_features The Mortgage Alliance (TMA) has today (Tuesday 18th November) launched a two-year semi-exclusive fixed rate mortgage funded by Abbey for Intermediaries. The semi-exclusive product has an initial pay rate of 4.39% until 2nd February 2011 when it will revert onto Abbey’s standard variable rate (SVR) which currently stands at 5.44%. It is... http://www.introducertoday.co.uk/News/Story/?storyid=18878681&type=news_feed After ten years in the equity release sector, Norwich Union claims the market will grow significantly in the coming years.Norwich Union, the UK's largest insurer, says the market is being driven by increasingly indebted lifestyles and expects the industry to double in size to £2.4 billion in the next ten... http://www.introducertoday.co.uk/News/Story/?storyid=18878655&type=news_feed Half of the UK's most expensive streets are to be found in Chelsea and Kensington, according to new research.People looking to pick up a mortgage for property in the fashionable London suburbs may be interested to hear that the average house price in the Vale is £4,677,500, while Wycombe Square... http://www.introducertoday.co.uk/News/Story/?storyid=18878631&type=news_feed Sellers are starting to drop their asking prices in the run up to Christmas as the turmoil in the housing market continues, it has been claimed.According to Rightmove, an average home in England and Wales is entering the market place with a value 7.1 per cent lower than a year...