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November 2009
03
Have your say
Contents
4 News Review
Nia Williams, editor
The FSA’s Mortgage Market
Review
5 Statistics
A look at house price information
around the country and what is
happening with mortgages
6 Questions from hell
I
feel very sorry for those worried parents who are trying to find out
more information about the MMR vaccine as all of a sudden those
three letters have taken on a whole new meaning.
All your regulatory queries
The FSA’s discussion paper dominated the news this week, as we were
answered going to the printers, and has thrown up some very interesting headlines:
7 Letters
affordability (are we going to have to send in our petrol receipts?); self-cert
9 Software solutions
mortgages being banned (please don’t base income on tax returns); buy-to-let
How technology can help you
enhance business efficiency
mortgages being regulated (should an investment product be treated the
11 Protect yourself
same way as a residential mortgage?); and all advisers becoming accountable
Why risk assessments are so to the FSA (what will that entail?). There is so much to think about.
crucial to your business
14
You’ll all have read through it and you’ll all have your own opinions on
Test of time
Speedy conveyancing is key to a
what it says. What is really important now is for you to tell the FSA what
good service
those views are. Tell them what you like or dislike about it because what is
16 Short term looks positive
going to appear in March 2010 will affect you and your business, let alone
Bridging is bouncing back in the
consumers, for the foreseeable future.
face of a more positive outlook
25 Diary
The FSA is holding a series of free roadshows around the country to hear
Forthcoming dates for both the
your views. All you need to do is go to its website and register your interest in
residential and commercial attending. They will then contact you to let you know if you have been suc-
sectors
18 Equity release news
circle6
cessful. The roadshows are at:
19 Ignore the ignorance
circle6
Copthorne Merry Hill, Dudley, on Monday 23 November
Ignorance regarding home circle6
Celtic Manor Resort, Newport, on Tuesday 24 November
reversion plans is widespread
circle6
The Merchant’s House, Edinburgh, on Thursday 26 November
Financial Services Authority, London, on Friday 27 November & Friday 4
21 Spread the word
How to reassure potential
customers and find new clients
circle6
December
De Vere Oulton Hall, Leeds, on Thursday 3 December.
You have until 30 January 2010 to give your views on the proposals. If you
23 Protection news are unsuccessful in attending a roadshow or can’t get to one, you can also give
24 In the spotlight your view through the online response form on the FSA’s website.
Meet the new ceo of
There’s no more important time to have your say.
Paymentshield, Tim Johnson
26 Commercial finance news
Issue 16
27 Keep your eye on the ball
November 2009
ADVICE TO READERS
Information carried in Mortgage Introducer is checked
Losing sight of TCF will do more
for accuracy, but we recommend that you make
harm than good, says NACFB’s
Editor
enquiries and, if necessary, take legal advice before
entering into any transactions. Any views or opinions
Adam Tyler
Nia Williams, 0207 490 0693 expressed in this magazine are solely those of the author
29 Bridging Q&A
Nia@thepublishinggroup.co.uk
and do not necessarily represent those of The Publishing
Group Ltd.
All you’ve ever wanted to know Assistant Editor
All rights reserved in respect of all articles, drawings,
about bridging finance, courtesy
photographs etc published in Mortgage Introducer any-
Claire Creek where in the world. Reproduction or imitations of these
Printed in England by The Magazine Printing Company.
of Mayfair Bridging
are expressly forbidden without permission of the pub-
Distributed by Norwood Mailing
Advertising Manager
lishers. Editorial contributions requiring an answer
31 CeMAP revision
Matt Bond, 020 7490 0588
should be accompanied by a stamped self-addressed
envelope. No responsibility can be taken for contribu-
Incorporating
Sample questions to test your
tions lost or damaged in the post. Conditions of sale and
Subscriptions supply: this periodical is sold subject to the following
knowledge
Andrew Goldsmith, 0207 490 0622
conditions, namely that it shall not without the prior writ-
33
Andrew@thepublishinggroup.co.uk
ten consent of the publishers be lent, resold, hired out or
otherwise disposed of in a mutilated condition or in any
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Head of Production
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The text and cover papers used in this publication are
An introduction to the Mortgage
advertising, literary or pictorial matter whatsoever. All
sourced from sustainable forest products and are fully
Expo and our very own Virtual
Melanie Jones, 020 8290 4999 advertising is subject to the terms of our current rate
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melanie@mortgageintroducer.com
card.
The Publishing Group Limited, Davina House, Suite 305, 137-149 Goswell Road, London EC1V 7ET
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www.mortgageintroducer.com November 2009 Mortgage Introducer
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