Money Centre buy-to-let Quotation System
made easy. Access to a range of mortgage providers and providing mortgage offers
within 10 working days makes The Money Centre one of the UK's largest buy-to-let
and commercial finance brokers.
The Money Centre Website 18th December 2009
Banking Group, which now owns a Monopoly over the buy-to-let mortgage market,
have chosen to refuse to accept new business applications from The Money Centre.
They have done this without providing us with an opportunity to meet the decision
makers to review their rational or to appeal their decision. This is despite the
fact that The Money Centre has introduced £866 million of completed mortgage business
over the last 5 years to the organisations Lloyds Banking Group now control.
a result of various banking mergers and takeovers in recent times, mortgages introduced
by us to Lloyds brands including Halifax, Birmingham Midshires, Bank of Scotland
etc. have accounted for over 40% of our recent business submissions.
inability to refer our clients’ applications to Lloyds banking group seriously
affects our status and our ability to treat customers fairly. Accordingly, the
business has been left with no real choice other than to cease providing advice
and accepting all new applications with immediate effect.
existing applications will continue to be processed as normal.
you might expect, we are considering our position very carefully and we will of
course keep you informed as matters progress
Landlords are in it for the long-term
landlords are still committed to buy-to-let in the long-term despite recent market
turbulence, according to independent research commissioned by The Money Centre.
In a survey of almost 500 landlords, over half said they expect to stay involved
in property letting for more than 10 years: More
top buy-to-let pitfalls and how to avoid them
has never been without its risks but the spotlight is now on the buy-to-let market
more than ever before, with higher interest rates and uncertainty in the UK's
housing market. This has unsettled some landlords, in particular those with a
few properties and those who are new to the buy-to-let market: More
of buying a Buy-to-let property and want to read up on the