They say a week is a long time in politics and also in mortgages it seems. The general picture is that we haven’t quite reached the bottom, yet.

• 75% buy to let mortgages are coming under increasing pressure. I wouldn’t be surprised to see a reduction to 70% anytime soon.
• BM Solutions now only have two 75% LTV mortgages. They seem to be losing the initial initiative to Cheltenham & Gloucester within the new Lloyds Banking Group, which is a real shame when you compare the two companies in terms of speed and efficiency.
• The surveyors Ashdown Lyons and Christopher Rogers have gone into administration.
• Northern Rock and Lloyds are to increase their mortgage lending (NR with up to £14bn in new loans by 2011). There’s also rumours that they will be offering 90% residential mortgages.

That said, we also hear of anecdotal evidence that enquiries are up with estate agents and Rightmove, but they aren’t being converted into actual sales yet.

Tip of the week

There is still time to secure 75% LTV deals with BM Solutions. The key however is to get a DIP secured.

BM Solutions leave a “soft footprint”, this means the footprint that is left on your credit file isn’t seen by other lenders so wont adversely effect your credit score.

So, if you want the confidence that you can get a BM mortgage - call the office today. We are a premier introducer to BMS and have many tips and tricks which will help get your DIP through (all perfectly legal of course) which other brokers don’t seem to know. (How do I know this? Well feedback from our fantastic clients - that’s how!)

HELP for the week

I just wanted to reiterate a new online debt management system which allows me to register professional investors as introducers. I'm looking for more investors to help test drive this new system.

Who am I looking for? The type of people I'm looking for are investors who come into contact with people who could benefit from some kind of debt management advice.

How does it work? The system allows you to register the client, liaise with the debt management team and of course receive a commission for the referral should the client enter into a debt management plan. The system allows you to case track your referrals and keep a running total of fees earned.

Based on the previous 3 months the average commission per case to the introducer is approximately £450.

This is already being used by some of our active investors and it’s a great income opportunity for you if you are coming into contact with these types of people on a daily basis anyway.

Please send me an email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call me direct on 07974 198 396 and I'll let you know how it works.