Skipton Building Society has reviewed its entire range of mortgages, with only its Stateside Tracker and buy-to-let products remaining unchanged. The range includes a flexible three-year fix at 5.69 per cent. All the new mortgages revert to the Society’s residential SVR (currently 5.59 per cent).
Halifax HPI shows continued growth
The Halifax House Price Index for May showed a monthly change of 2.2 per cent taking annual house price inflation to 20.4 per cent. The average UK house price now stands at £157,849 up from £154,444 in April. Chief economist for the Halifax Martin Ellis predicted higher interest rates would begin to slow the growth in house prices later this year.
Mortgage Times hits the road
Mortgage Times has launched a series of nationwide roadshows hoping to attract both appointed representative (AR) and directly authorised members.
The twice-a-day regulatory roadshows focus on regulation and last no more than one and a half hours. The 11-venue tour ends in South Mimms on 29 July. For full details visit www.themortgagetimes.com.
Genesis announces second packager franchisee
Distributor and packager Genesis Home Loans has signed up Bristol-based packager FT Mortgages in its latest deal to secure regional packaging franchisees.
The support programme allows packagers to offer their intermediaries an appointed representative (AR) proposition supported by the Genesis head office.
Genesis will also provide a full IT, product training, a 50-lender panel plus marketing support
PMPA extends discount range with SPML
The Professional Mortgage Packagers Association (PMPA) has negotiated a further rate discount on nine of its standard products offered through Southern Pacific Mortgages Ltd (SPML).
Unlimited adverse to 80 per cent LTV and second charges worth up to £15,000 will be ignored alongside 90 per cent LTV on offer on both employed and self-employed self-certification loans.
Software aims to create chartered IFAs in five years
The Chartered Institute of Insurers (CII) is offering Pathways - a career guide for aspiring financial advisers.
The software offers training and guidance to registered trainees and costs £130 to trainees or £100 for the managers pack. Trainees log their progress on paper or via an electronic log throughout their career.
The launch of Pathways is intended to encourage graduates into financial advice and enhance the status of the profession.
For information visit the website at: www.pathways.cii.co.uk
1,000 advisers switch to Trigold during May
Sourcing system Trigold has announced a record month for new users with over 1,000 switching to its software in May. This brings the total number of users of Prospector Plus to over 15,000.
Trigold has announced a series of large network clients in recent months including Sesame, Bankhall PointOne and Zurich.
