We have forecast that their total lending will be between £22 - £25bn, this will represent approximately 20% of total UK lending and a very high proportion of this lending will be through intermediaries. Those lenders I am referring to are Northern Rock, Coventry Intermediaries, Accord Mortgages, Platform, Leeds Building Society, Skipton Building Society, Principality Building Society, Aldermore Mortgages, Scottish Widows Bank, Precise Mortgages and Kensington Mortgages.As we go through this year we expect Northern Rock's name to disappear and Virgin Money will be the new brand name for their lending. The good news for our sector is that intermediaries will be at the heart of their major lending targets for 2012. Just as 2011 finished with a flourish, the year has started well and with this momentum we are all keeping our fingers crossed that 2012 will be as good, if not better than last year!Last month we saw the FSA announce that they would be indefinitely delaying its plans to introduce individual registration for mortgage brokers. As part of its Mortgage Market Review, the FSA announced in June 2010 that it was to extend the approved persons regime to include all those who advise or sell mortgages. The FSA had originally planned to introduce the changes by 30th March 2011, requiring all advisers and branch staff to take a 'fit and proper' test. We at PMS are extremely disappointed at this decision. This is something that, like us, others in the industry have wanted for some time and one of the things the regulator could have done to eliminate bad practice in the industry. Over the coming months we will provide you with regular updates on the MMR and what it means for you. Make sure that you are registered to receive our emails and attend the Mortgage Extra Live Roadshows during the coming weeks, (see inside for dates and venues) and again in the Autumn when the proposals will be clearer. Remember that you have until 30th March to respond to the current consultation paper - make your voice heard! 0845 845 1388 www.trustpms.com info@trustpms.comFOR INTERMEDIARY USE ONLY. IF YOU ARE NOT AN INTERMEDIARY, PLEASE CONTACT YOUR INTERMEDIARY FOR ADVICE. MARCH 2012 In January's PMS news I made reference to the importance of those lenders that don't always attract the headlines like the major high street lenders. We at PMS expect their value to the overall lending landscape will again make a significant contribution to our proposition this year.SESAME BANKHALL LEGAL SERVICESMoving on to the second phase of this unique proposition.SESAME BANKHALL VALUATION SERVICESSBVS can help your clients if they need a Homebuyers Report or Building Survey, and you can earn a valuable referral fee!MORTGAGE EXTRA LIVE - SPRING 2012Spaces are disappearing fast! Book yours today to avoid disappointment.THE EVER CHANGING MARKETJOHN MALONEExecutive Chairman, PMSAbove: John Malone pictured with Sir Richard Branson at the recent Intermediary Forum hosted by Virgin Money.All information correct as at 27th February 2012. Premier Mortgage Service and pms® are trading styles of Bankhall PMS Limited which is a company registered in England and Wales with number 2785381 which is authorised and regulated by the Financial Services Authority under number 164877. Registered office: Pixham End, Dorking, Surrey, RH4 1QA. VAT number: 750012975. pms® is a registered trademark of Sesame Bankhall Group Limited (a company registered in England and Wales with number 3573352 registered office: as above).REF: CAS-245581-SXRBWhilst browsing this document you may be redirected to a site of a third party. pms® is not responsible for the content of external sites.WHATS INSIDE:

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