Tuesday 07 October 2008
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Top Story
House prices 12.4% less than 12 months ago
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House prices fell by 1.7% in September although Nationwide believes there may be some stablisation in the rate of price falls.
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Sub Story A
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Tuita cuts LTV and makes product withdrawals

Bridging loan provider Tiuta has suspended its 75% LTV range and temporarily withdrawn its Refurbridge and Underbridge products.
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Sub Story B
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90% new LTV limit on moneysupermarket leads

Lead distributor paaleads.com is now filtering out moneysupermarket.com remortgage and purchase leads above 90% LTV.
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Sub Story C
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FSA censures former sub-prime directors

Michael Worthington and Darren Millington have been censured by the FSA for failing to make sure that their sub-prime business, Lifestyle Finance, had the appropriate compliance and sales procedures in place to ensure customers were given suitable mortgage advice.
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1 Mortgage-1 retained by SimplyBiz Mortgages
1 London prices stablising - for now
1 Salans modernises comms
1 Mform.co.uk expands proposition
1 Sea change for make-up of FISA board
1 Bespoke TCF review unveiled
1 SHIP offers consumer checklist for sale and rent bank
1 Brilliant adds Link to panel
1 RICS sounds warning over new build targets
1 First Title takes stake in Turkish mortgage business
1 Major shrinkage for B2L market
1 "Consider remortgaging," KRS tells equity release customers
1 Abbey appoints boss for B&B direct channels
1 BDS diversifies into asset protection
1 ExConn offers Platform semi-exclusive
1 Nationwide increases rates
1 Findaproperty.com utilises EDGE
1 Mortgage Times defends GE Money's pricing
1 movewithus opts for Xit2 platform for EPC instructions
1 Leadbay to appear at a number of AMI workshops
1 No advantage from SARB, says Retirement Plus
1 Leadpoint launches £100 referral reward
1 New exclusives from BDS
1 Star Loans expands into unsecured products
1 The Mansfield launches HIP service
1 New Partner for Paradigm
1 Wizard expands exam package offering
1 BM launches EPC service on deadline day
1 Goldsmith Williams unveils equity release service
1 Elephant given ultimatum by AIM
1 Evaluate becomes certified by Microsoft
1 The Chelsea unveils new sales director
1 GE Money to shut Wolverhampton operation
1 Servicer set to expand further
1 AMI: B&B bailout cost has implications for whole sector
1 Nationwide cuts reservation fee for existing borrowers
1 Paaleads to reduce minimum bid prices
1 Halifax Intermediaries adds Momentum
1 Mortgage lending plummets
1 Rebrand and new model for Linear
1 Brokers interested in acquisition or merger claims Homebank
1 SLS unveils new introducer portal
1 New conveyancer joins Salans' Thetford office
1 MortgageStream added to Lime's panel
1 Credit information service providers to be regulated
1 New commercial bridger launches
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