Beacon Homeloans sent an email to all its packager partners on 12th November informing them it will not be lending any new mortgages after Friday 27 November. The email from Clive Wilson, sales director of Beacon Homeloans, stated that the lender’s current funding line will end in February 2010. As a result, Beacon has to [...]
Posts under ‘FSA’
Lesley Titcomb FSA – Keynote address to the European Mortgage Federation’s annual conference
Speech by Lesley Titcomb, Director of Small Firms and Contact Centre, FSA Keynote address to the European Mortgage Federation’s annual conference 19 November 2009 Around the world the financial crisis has required interventions of unprecedented scale. The support of governments and central banks has been crucial and will remain a significant factor for the foreseeable [...]
Jon Pain addresses mortgage industry on FSA’s mortgage market review proposals
FSA/PN/157/2009 November 2009 Speaking at the Council of Mortgage Lenders’ Annual Conference, Jon Pain, the Financial Services Authority’s (FSA) managing director of Supervision, said it is important to acknowledge that although the mortgage market worked well for many, it failed for a significant minority. Therefore, the priority must be to move towards a market that [...]
Self-cert proposals won’t be detrimental to the self-employed – Lesley Titcomb FSA
Speech by Lesley Titcomb, Director of Small Firms and Contact Centre, FSA Mortgage Business Expo 11 November 2009 Good morning, it is a pleasure to be back at Mortgage Business Expo. I would like to thank the Association of Mortgage Intermediaries (AMI) for inviting me to speak and for hosting this session and I’d also [...]
FSA proposal for regulation of Buy-To-Let causes growing concern
Costs of buy-to-let regulation must not be passed on to landords 19 Oct 2009 The National Landlords Association (NLA), the UK’s leading representative body for private-residential landlords, has expressed concern that the regulation of buy-to-let will mean increases in the costs of borrowing for landlords. Although increased protection for smaller, less experienced landlords may be [...]
