Latest Intelligence on Mortgage Lending

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Type Product title / description Pub Price
Expert View
Expert View

2007 still set to be a record year for UK mortgage lenders

The financial services industry has seen the most dramatic fallout so far from the US sub-prime mortgage crisis, with events at Northern Rock leading to the first 'run on a bank' in the UK in over 100 years. However, despite these recent events, the UK mortgage market is still expecting to see record lending for the year, while a slowdown has been forecasted for 2008.

Published By Datamonitor
18 Sep 2007
Expert View
Expert View

2013: mortgage market enters the new year on an optimistic note

The UK mortgage market is set for its strongest year since the credit crunch began in 2008, as the Funding for Lending Scheme increases mortgage availability and consumer demand rises on the back of historically low rates.

Published By Datamonitor
10 Jan 2013
CommentWire
CommentWire

Abbey: back to black

Abbey [ABBE.L] has returned to profit in the first quarter of 2004. However, when compared to the recent record profits of many of the UK's high street banks, parts of the results are still disappointing. Investment sales in particular have fallen dramatically, however its future plans to offer 'wrap' platforms should see it bounce back.

Published By Datamonitor
23 Apr 2004
CommentWire
CommentWire

Abbey: fine time

Banco Santander-owned Abbey [ANL.L], the UK's second largest mortgage lender, is bracing itself for an expected FSA fine over its endowment mortgage complaint procedures. Although such a fine would bring the lender community more bad press, it at least embodies the welcome regulatory pressure on providers that persistently ignore mortgage endowment complaints.

Published By Datamonitor
12 Apr 2005
CommentWire
CommentWire

Abbey: pay as you go

Abbey [ABBE.L], the UK's third largest mortgage lender, has raised the fee it charges on early redemption by 25%, to GBP225, and evidence suggests it is not alone among lenders in so doing. While these rate hikes are in response to higher administration costs, some lenders may be using early redemption fees to bolster margins by the back door.

Published By Datamonitor
04 May 2005
CommentWire
CommentWire

Abbey: reopening old wounds

Reports suggest the FSA will rule that Abbey must review rejected complaints over endowment mis-selling. Such a move by the UK banking watchdog would come at the worst possible time for Abbey. Abbey's new owners Banco Santander have already faced criticism over heavy job losses: the last thing the bank needs now is a public admonishment over its complaints procedures.

Published By Datamonitor
17 May 2005
CommentWire
CommentWire

Aussie Home Loans: calls for new tax-break scheme for affordable housing

In a bid to ease the Australian housing affordability crisis, Aussie Home Loans boss John Symond has presented the government with a plan whereby first time home buyers would enjoy tax breaks for the first five years of their mortgage. This appears to bode well for homebuyers, but in the long term, may cause a further surge in house prices and worsen the affordability crisis.

Published By Datamonitor
24 Aug 2007
CommentWire
CommentWire

Australia property market: cause for concern

Figures from the Australian Bureau of Statistics covering the latter part of 2003 suggest that Australia's housing market is cooling significantly. Rising interest rates and wider economic worries point to a pessimistic outlook for the coming year but it may be that cautious consumers will spend on home improvements instead.

Published By Datamonitor
20 Jan 2004
CommentWire
CommentWire

Australia: banks claim bigger profits are in public interest

The major Australian banks have argued that banks should be allowed to reap larger profits to ensure the stability of the financial system, following criticism for not passing on rate cuts in full to their mortgage customers. However, the Australian Bankers Association pointed out that bank margins are historically low and that events overseas show the dangers of a weak banking sector.

Published By Datamonitor
16 Apr 2009
CommentWire
CommentWire

Australia: banks face public ire

Several large Australian banks have announced they are not passing on the Reserve Bank of Australia's rate cut in full to their customers, citing continued elevated funding costs. The lowering of the cash rate target was an effort to provide relief to mortgagors and stimulate the economy, and the refusal to pass it on has drawn criticism from the government, the media and consumer advocates.

Published By Datamonitor
08 Apr 2009

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