Optimum Credit has announced two new additions to its senior management team, following the recent addition of its major RBS funding line.
Industry lender, TFS Loans, has announced it will temporarily pull out of the secured loans market as part of a new strategic move.
It has been a pretty hectic few months in the mortgage market with what appears to be wave after wave of regulatory change. The start of April saw the end of the Office of Fair Trading, with its powers transferred to the FCA, and, by the end of the month, the Mortgage Market Review came into effect.
This new regulated first charge will accept up to 2 CCJ’s and/or defaults and provide extra flexibility around income. It is available for remortgages and encumbered property but is underwritten and designed like a secured loan.
Finsec are pleased to announce several revisions to its underwriting criteria that will enable brokers to complete even more cases. […]
What are the implications of FCA regulation of secured loans for financial advisers and networks – what are the challenges they face and what impact will it have?
Amid the furore surrounding Mortgage Market Review regulation which has dominated the industry and national press of late, it seems to have been forgotten that another significant shift in regulation took place this spring