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The Money Centre buy-to-let Quotation System

Buy-to-let 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.

 

IMPORTANT ANNOUNCEMENT From The Money Centre Website 18th December 2009

 

Lloyds 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.

As 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.

Our inability to refer our clientsí 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.

All existing applications will continue to be processed as normal.

As you might expect, we are considering our position very carefully and we will of course keep you informed as matters progress.

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SEE: Landlords are in it for the long-term

UK 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 information

and The top buy-to-let pitfalls and how to avoid them

Buy-to-let 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 information

 

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