HML. Homeloan Management Ltd

HML commercial director Kati Tyler has a new blog post on Mortgage Introducer. Read what she has to say about our latest business intelligence interest-only data below. The Financial Conduct Authority (FCA) has made clear its drive to ensure customers enjoy fair outcomes and are placed at the centre of the financial services industry. Its business plan and risk outlook for 2013/14 notes that one of its five key areas of focus is making sure that firms’ strategies are geared towards producing appropriate outcomes for consumers. This also extends to post-sale responsibility. The FCA notes that the outcome of…

Simon Crone, vice-president of Commercial - Mortgage Insurance Europe at Genworth, takes our guest blog spot to talk about high LTV lending by building societies and why he'll be keeping an eye on the Help to Buy scheme. I was fortunate to attend the Building Societies Association (BSA) Annual Conference in Harrogate recently and was thoroughly impressed not just with the seminar programme and overall discussions, but with the whole organisation and the mutual sector in general. This well-attended event clearly brought home to me the combined strength of the UK’s building societies and the collegiate approach they adopt…

HML product manager Ben Chambers recently spoke to Mortgage Strategy about why part and part needs to be higher up the agendas of lenders. Read his article in full here: The interest-only thematic review from the Financial Conduct Authority has resulted in a raft of media coverage. The common themes include the FCA stressing the point that there is no evidence of a misselling scandal, how lenders have been contacting their interest-only customers and the shortfalls that some customers face. However, I think there is another angle that needs to be looked at – how and why lenders should…

What is legal title and how can outsourcing it lighten the regulatory load for mortgage book investors? Andy Wiggans, managing director of Specialist Mortgage Services – an HML subsidiary – explains all to Mortgage Finance Gazette. The ownership of mortgage books is split into two; legal title and beneficial owner. The beneficial owner takes on the credit risk - and therefore enjoys the financial returns - while the legal title holder is responsible for dealing with the regulatory and conduct risk. To be effective in holding legal title, you require the relevant lender permissions from the Financial Conduct Authority…

Since 1999, the Skipton base has raised – in conjunction with the former Padiham office – over £545,000. Some of the local charities HML has helped include Yorkshire/Lancashire Air Ambulance, Wharfedale Fell Rescue, Leeds Royal Infirmary, Craven Mind, Craven Alzheimer’s Society, Howarth Animal Sanctuary and York Against Cancer. The Skipton headquarters has also raised significant funds for national charities, including the RSPCA, The Children’s Society, Sport Relief, Movember, National Blind Children’s Society and Marie Curie. HML staff don’t just generously give their money to charities, but also time. There is the option to take a year-long career break, during…

PRESS RELEASE: - HML has 8.6% of all interest-only mortgages under management* - It has been on the front-foot working with its clients for 18 months to ensure borrowers have been contacted as early as possible - The FCA’s message is clear; lenders must proactively contact their interest-only customers, particularly those with loans maturing before 2020 - Consumers should not panic; lenders will contact them before April 2014 The Financial Conduct Authority (FCA) has today (May 2nd) published its findings of its thematic review on interest-only mortgages. Some of the main findings of the review show that around 90…

Paul Broadhead, head of mortgage policy at the Building Societies Association (BSA), takes our guest blog spot to talk about the continued high LTV lending of building societies and mutuals, as well as why he is disappointed by the announcement of the Help to Buy mortgage guarantee scheme. Mutual lenders continue to provide high LTV loans to creditworthy borrowers Much talk continues in the press and around the industry about the deposit barrier facing today’s first-time buyers and homemovers. Given that this is the case, I thought it would be worth some analysis to see how the provision of…

HML has held another successful Mortgage Market Review (MMR) roundtable in London, with attendees sharing their knowledge and experience of preparing to comply with the Financial Conduct Authority’s (FCA) April 2014 MMR deadline. David Heffron, regulatory lawyer and partner at Addleshaw Goddard, was the guest speaker at the event and talked about the options organisations in the financial services sector have going forward, as well as clarifying what the FCA expects from companies that want to obtain the relevant advice permissions. Advice was a hot topic of debate at the roundtable, with clients and industry contacts discussing who should…

HML Glasgow has raised more than £29,000 for charities since 2007, with a handful of the charities that have received the largest cheques so far including Cash for Kids (Radio Clyde appeal), Prince and Princess of Wales Hospice and Caoimhe's Fund (Tree of Hope Children's Charity). The Caoimhe Fund has been particularly close to the hearts of staff and it is an appeal that has widely been reported in the Scottish press. Caoimhe Neeson is a three-year-old girl from Glasgow that was diagnosed with a rare form of brain cancer. She required pioneering proton therapy at a specialist unit…

Director of business intelligence at HML Damian Riley is featured on the latest online edition of Mortgage Solutions. You can read the full article below about why regional repossession data is important to mortgage brokers. During 2013, 33,000 properties will be repossessed, according to a recent analysis of more than one million mortgage accounts by HML. This would be a 2.7% decline on the 33,900 repossessed properties reported by the Council of Mortgage Lenders (CML) for 2012. While it is fantastic news that repossessions are expected to fall over the year, this doesn't mean that lenders, mortgage brokers and…