TITLE

'Shared-ownership deals lack logic'

AUTHOR(S)
Jones, Lee
PUB. DATE
September 2009
SOURCE
Money Marketing;9/3/2009, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that broker in Great Britain view Halifax PLC's intermediary-only shared ownership scheme as disordered due to newly created lending restrictions in the region. It mentions that the firm has launched its affordable housing product range which includes a shared-ownership product with reduced fees of up to 90%. It affirms that the lender has a loan-to-value limit of 80% which will be capped on a new property.
ACCESSION #
44384115

 

Related Articles

  • 'Computer says no' stance slammed. Martin, Natalie // Mortgage Strategy;7/3/2006, p10 

    The article reports that mortgage brokers have criticized Halifax for changing a client's credit score after the agreement in principle (AIP), which resulted in the customer losing out. According to Bates Financial Services principal Steve Bates, he completed an online AIP, which was accepted at...

  • Heroes & Villains.  // Mortgage Strategy;7/3/2006, p24 

    The article focuses on issues facing the mortgage industry. Brokers welcomed Halifax's regular text message alerts that inform them of its latest product and service developments. Lenders are criticized for offering products with low pay rates for a limited period followed by a lengthy period on...

  • Merger of Big Brokers Enhances Reach of Firm. Finkelstein, Brad // National Mortgage News;8/1/2005, Vol. 29 Issue 44, p6 

    Reports on the deal between the nation's fourth largest mortgage broker, 1st Metropolitan Mortgage and the second largest mortgage broker, Olympia Funding in Charlotte, North Carolina. Operation of Olympia Funding as a wholesale lender in 10 states and as a contract processing firm for other...

  • Looking at a Crystal Ball.  // Broker Magazine;Oct2008, Vol. 10 Issue 10, p38 

    The article presents insights on whether or not brokers survive in the seemingly fluctuating market in the U.S. One claims optimistic in the past months, however, becomes a little uneasy seeing 80% of its competitors have closed. Another one contends that it is always better to be prepared on...

  • Do the right thing. Cox, Steve // Mortgage Strategy;11/12/2007, p50 

    The article focuses on the role of brokers in facing the challenges in the self-cert mortgages in Great Britain. Despite of the vital role that self-cert mortgages has fulfilled in the mortgage market, there are cases of self-cert mis-selling. This crisis falls on the duty of brokers to ensure...

  • Increase in product numbers throws up interesting trends. Lofthouse, Mark // Mortgage Strategy;11/7/2011, p28 

    The article reports that there is a rise in broker exclusives in the mortgage industry in Great Britain. It is stated that there are no signs of slowing and therefore the sector can look forward to continued growth. It is informed that the total number of products available to brokers has...

  • Halifax cuts 2-year deals by up to 0.2%. Thickett, Robert // Mortgage Strategy (Online Edition);7/11/2012, p1 

    The article reports on the decision of Halifax to cut rates by up to 0.2% rates on all of its two-year fixed and tracker products for homemovers, first-time buyers and remortgages on July 12, 2012.

  • COMPANY CV.  // Marketing (00253650);7/6/2000, p70 

    Features Great Britain-based home loans company Halifax PLC as of July 6, 2000. Company background; Financial performance; Business operations; Contact information.

  • Learning to love arrangement fees. Harris, Mark // Mortgage Strategy;2/26/2007, p73 

    The article presents the author's views on the hike in broker's arrangement fees in the mortgage industry. According to the author, most lenders who used to offer the cheapest mortgage rates are now favoring charges that are inclusive in the mortgage amount. Considering it as a market trend, the...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics