Barratt reports half-year loss of almost £600m

Barratt Developments has posted a pre-tax loss of almost £600m for the second half of last year as it attempts to stay afloat in “an intensely difficult market.”

OFT launches market study into buying and selling

The Office of Fair Trading has today formally launched its market study into home buying and selling.

Mortgage overpayments soar 50% as base rate plummets

The number of home owners making overpayments on their mortgages has gone up by 50% in the last year, figures from The Co-operative Bank Mortgages reveal.

Skipton profits plummet by 86%

Skipton has revealed pre-tax profits of £22.5m for 2008, a staggering fall from its £163.9m profit in 2007.

House buying process moves online

Online estate agents Get-Set-Go have teamed up with Email Mortgages to allow buyers and sellers to find properties and arrange mortgages online.

Evaluate calls on comparison sites to improve standards

Evaluate Technologies has called for an urgent rise in the standards of mortgage comparison sites.

Home Buyer Systems offers free trial to Encore users

Following the demise of Mortgage 2000’s Encore sourcing system, Home Buyer systems a sourcing, sales and compliance system for mortgage and general insurance brokers – is offering a 30 day free trial of its HBSLite system to all Encore users.

Moneysupermarket weighs up options for intermediary arm

Comparison website Moneysupermarket.com says it’s considering a number of options for its intermediary business after the division saw a 41% fall in profits in 2008.

IMLA urges government not to ignore sub-prime

The Intermediary Mortgage Lenders Association is calling on the government to extend its funding to cover sub-prime lenders.

Xit2 launches early pay for surveyors

Property and mortgage outsourcing specialist Xit2 is launching a special liquidity scheme designed to pay surveyors faster once they have carried out instructions.

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