Monday 12 May 2008
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Top Story
Q1 repossession claims up 16% year-on-year
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According to latest Department of Justice statistics, 38,688 mortgage possession claims were issued during the first quarter of 2008, a rise of 16% higher than in the first quarter of 2007 and 7% higher than in the fourth quarter of 2007.
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Sub Story A
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A&L offers lower rates for <75% LTV

Alliance & Leicester is launching a new range of mortgage products, which will be available via brokers, branches and its call centre from today (9 May).
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Sub Story B
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RBS reduces two of its fixed purchased rates

From today, RBS Intermediary Partners will be reducing the initial rates on two of its RBS fixed rate purchase mortgages.
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Sub Story C
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Brokers report improvement in Trustguard's service

The latest intermediary satisfaction survey from Trustguard Credit Services has indicated that its service levels have improved over the past 12 months.
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1 Pink claims record AR interest
1 AMI and AFB publish Expo seminar programme
1 Promise boosts commissions by 10%
1 LV= added to Paradigm's equity release panel
1 Goodfellow new chair of BSA
1 ABC Insurance to open Manchester office
1 New chair for FISA
1 New Woolwich form on MTE
1 Pink ties up with Callcredit
1 BoE leaves interest rates unchanged
1 GE Money's shadow MPC split over rate decision
1 AIFA to hold green seminar for IFAs
1 Don't panic over house prices, says OFM
1 TFC launches £149 app fee
1 The One Account gets new sales head
1 Crown appointed to managed two distressed portfolios
1 Airmiles and free sourcing offered to Mortgage Next DAs
1 B2L rental calculation simplified by RBS
1 FSA boss warns societies over stress testing
1 Xit2 technology adopted by Praxis
1 The Leeds appoints new non-exec director
1 Platform reveals news sales structure
1 Broker demand for sub-prime still significant
1 Evaluate to hire 10 more testers
1 SMS hits 12k mark with Porthole
1 Use case management systems for new business, urges MortgageStream
1 Exclusive forum launched for Paradigm members
1 LeadPoint offers LTV lead filter
1 FSA ban for broker over false apps
1 Landlords urged to use green tax break
1 Trigold & Equifax offer broker credit rating discount
1 Diamond directors missing in Brazil
1 Click unveils general manager
1 MTE offers multiple reward points
1 NACFB vows to help Salt-affected brokers
1 Yes appoints sales and marketing director
1 Merrills confirms new business "suspensions"
1 Pink runs secured loan competition
1 Moneycorp supports online overseas property service
1 SHIP results quietly please Bridgewater
1 Base offers lifeline to Salt brokers
1 Mortgage Times offers Abbey semi-exclusive
1 Halifax: annual price growth down by 0.9%
1 Abbey soft launches intermediary exclusives
1 CLC supports HLP members
1 SMS to run TCF/debt solutions roadshows
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