Coventry Mortgages makes pledge on linked mortgage deals
September 9, 2010
In a move that many mortgage brokers and advisors may indeed emulate, a senior spokesperson for Coventry Mortgages has said it should be a logical step for the firm to make a pledge against mortgage deals with linked products.
When talking about mortgages, linked products are Read more
Coventry Building Society launches ‘unique’ mortgage product
April 12, 2010
This week, Coventry Building Society is launching what has been described as a ‘unique’ mortgage product. The deal is a fixed rate mortgage that allows its borrowers to make as many overpayments on their mortgage as they wish with no limit on the amount they can overpay – with no penalties. Read more
Birmingham community pleased as BoE holds interest rates
April 9, 2010
Experts had predicted that the Bank of England’s (BoE) Monetary Policy Committee would maintain interest rates this month, so the decision was to hold them at the record low of 0.5 percent was not completely unexpected – the decision has been welcomed in many areas but several leaders of the Birmingham community have spoken out in a report by the Birmingham Post. Read more
FSA bans mortgage broker in Birmingham
November 15, 2009
The Financial Services Authority (FSA) has, according to Bridging & Commercial, banned a mortgage broker in Birmingham in the West Midlands for giving false information to the FSA.
When applying for official authorisation from the FSA, Mohammed Hanif stated that Zaneb Sarfraz, his daughter-in-law trading under the name of Pak Property Centre had the necessary competence to be an ‘authorised person’. As such, she would be required to help manage and control Pak Property Centre and Mr Hanif confirmed this.
Following investigation, the FSA discovered Mrs Sarfraz did not Read more
How organised is your training provider?
August 6, 2009
Training courses of any kind need to be organised well if they are to run smoothly, whether the course is for CeRER, CeFA or CeMAP training or of any other kind.
Before you book onto any training course with any training provider you might want to ask a few questions:
- check how often the training materials are updated. For example, the CeMAP syllabus changes twice a year as does the CeFA syllabus, so you need to be sure Read more
100% mortgages from Coventry Building Society
February 19, 2009
Coventry Building Society has become the first mortgage lender to offer a 100 per cent mortgage in the aftermath of the credit crunch and the offer is likely to be a real lifeline to those who need it.
At the height of the mortgage boom, mortgage lenders such as the Abbey, Alliance & Leicester, Northern Rock and Coventry Building Society offered borrowers mortgages of up to 125 per cent of the property value. As house prices have fallen around 10 per cent since that time, many homeowners are finding themselves in negative equity. Unable to remortgage due to Read more
Could Mortgage Advisors In Birmingham Have More Business?
September 15, 2008
Those seeking mortgages in the Birmingham area have more choice in mortgages.
According to a financial analyst at Moneyfacts, Michelle Slade:
“Borrowers in the Midlands have wider access to a higher number of mortgage products than anyone else in the UK, with those living in the Leicestershire having the widest choice.”
This statement was made primarily because the Birmingham and Midlands area has a higher number and concentration of the smaller building societies, which have in the last few decades been swallowed up by larger banks and mortgage lenders. As a result, this was a question posed by a delegate on a CeMAP training course in the Birmingham and Midlands area.
These building societies, such as the Birmingham Midshires Building Society or West Bromwich Building Society, offer selected products purely for Read more
