Industry
We recognise that this is an uncertain time for everyone. Our Members are at the heart of everything we do, and we want to reassure you that we continue to be committed to looking after your money. Recently, the Bank of England reduced the base rate by 0.65% to 0.10% and we have taken some […]
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by Graeme Aitken, Business Development Manager, Harpenden Building Society In January of this year, The Royal Institution of Chartered Surveyors released its Residential Market Survey (1). The overwhelming sentiment was one of positivity; buyer enquiries, agreed sales and new instructions are all increasing. House prices are rising nationally and respondents were upbeat on the outlook […]
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by Martin Langlands, Chief Risk Officer, Harpenden Building Society One of the long-term priorities of the FCA is to ‘ensure fair pricing in financial services.’ In July 2018, the FCA released a discussion paper titled DP18/6, as they were concerned that competition was not working well enough in the cash savings market. This led to […]
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Our latest update, December 21st 2020 We would like to provide all of our members an update on our decision to permanently close the Wendover and Buckingham branches with immediate effect. You can read our official statement in full from our Chief Executive, Sarah Howe. Below is an update for all of our members on […]
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by Roy Badcock, Senior Manager, Harpenden Building Society Does a day go by without a headline appearing about the transformative effect of ‘fintech’ or new technology? Some of my colleagues were at the Mortgage Business Expo conference in London recently and technology was a popular topic of conversation. Indeed, one of the conference seminars, ‘How […]
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by Martin Langlands, Chief Risk Officer, Harpenden Building Society A short while ago, I wrote an article which explained how a discussion paper jointly issued by The Bank of England, The PRA and The FCA has the potential to change the way all financial institutions might be asked to operate in the future. The paper […]
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Download Scenario; Purchasing a three apartment house for mixed use as a PDF WHO’S THE CUSTOMER? A professionally successful couple looking to purchase a home in London. Property is on one title and split into three apartments, and their wish is to keep it this way. Each of the apartments have their own address and […]
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Download Scenario; An existing member with us, looking to act as a guarantor as a PDF WHO’S THE CUSTOMER? An existing member, a borrower with a mortgage with us on a buy-to-let property in Beckenham, Bromley. They would like to become a guarantor for their parent’s home. WHAT’S THEIR SITUATION? Our member currently owns their […]
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Download Scenario; Three incomes and lending into later life – Mum, Dad and Daughter…as a PDF WHO’S THE CUSTOMER? A family with three applicants. Mum and dad are helping out their daughter following her recent divorce. They want to purchase a property and have discussed the possibility of re-mortgaging their current home. But instead prefer […]
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Download Scenario; An entrepreneur with a complex income…as a PDF WHO’S THE CUSTOMER? An entrepreneur with a complex income. A lender will need to use projected income to meet the needs of the customer. WHAT’S THEIR SITUATION? The customer has sold the business they owned, after many years trading in private equity. They then started […]
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