Mortgage News: November 2005

Forex scheme for mortgages
Published: 30 Nov 2005 (business.scotsman.com)
AN INNOVATIVE new business aims to reduce Scottish mortgages worth tens of millions of pounds within the next year by speculating on money market movements.

Speedier mortgages via .net system
Published: 29 November 2005 (computerweekly.com)
Countrywide Surveyors is due in December to deploy a web service built on Microsoft's .net platform which links directly to mortgage lenders' IT systems to streamline mortgage applications.

Scots may get payouts for mis-sold mortgages
Published: 25/11/05 (eveningtimes.co.uk)
THOUSANDS of Scots who claim they have been mis-sold endowment mortgages could finally be compensated.

Ifs announces new Certificate in Commercial Mortgages
Published: 16th November 2005 (ifaonline.co.uk)
The Institute of Financial Services (Ifs) is developing a new stand-alone qualification in commercial mortgages. the Certificate in Commercial Mortgages (CeCM).

Fewer 'mortgage lies', FSA finds
Published: 14 November 2005 (news.bbc.co.uk)
There is no evidence that mortgage brokers are systematically still letting self-employed borrowers inflate their earnings, a report has found.
Also reported in: MyFinances

The £34,000 cost of putting off buying a house
Published: 11 Nov 2005 (myfinances.co.uk)
Delaying buying a house in the hope that prices will fall costs on average £34,000 as property values continue to rise.
Also reported by: The Scotsman, Easier

Cost of mortgages stabilises
Published: 09 Nov 2005 (myfinances.co.uk)
The cost of meeting mortgage payments has held firm in the run-up to Christmas, new data shows.

Time for tracker-rate mortgages?
Published: 02 Nov 2005 (myfinances.co.uk)
With fixed-rate mortgages increasing in cost, and prospects of an interest rate cut receding, a top analyst asks if the time has come to move to tracker-rate mortgages.

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