Sam Barker


FSCS plans to hike 2018/19 broker levies

The Financial Services Compensation Scheme is set to raise mortgage broker levies by £3m in the 2018/19 period. The final 2017/18 levy for home finance intermediation was £14m. However the estimated 2018/19 levy will be £17m, a 21 per cent increase. This is despite the fact that the 2018/19 bill will only cover nine months […]


Nationwide to hire 250 Carillion staff

Nationwide will hire 250 contractors from troubled outsourcing firm Carillion. The building society says it outsourced some roles to Carillion, and will take those staff onto permanent contracts, according to Reuters. Nationwide says an extra 1,500 staff work for third party firms who work on Nationwide deals with Carillion. The building society will now deal […]


Leeds cuts fixed rates

Leeds Building Society has cut its fixed rate deals by up to 0.30 per cent. The range includes a 1.99 per cent five-year fixed rate available up to 90 per cent LTV. It has a free standard valuation up to £999 and a £999 fee. It is available for house purchase or remortgage. It also […]

Money, cash, calculator

FSCS opens claims against Welsh mortgage broker

The Financial Services Compensation Scheme is inviting claims against former Welsh mortgage broker Available Mortgages. The firm is among 15 the FSCS declared in default between November and December 2017. FSCS communications head Mark Oakes says: “FSCS steps in to protect consumers around the UK when authorised financial services firms go bust. “This vital and […]


Tesco Bank adds Sesame to broker panel

Tesco Bank has added Sesame to its mortgage intermediary panel. The deal brings Tesco’s broker panel to 23, with more set to join this year. Tesco Bank director of mortgages, savings and loans Julian Hartley says: “With the vast majority of Tesco customers now selecting their mortgage via a broker, it is important that we […]


NatWest to bolster BDM proposition

NatWest Intermediary Solutions will tomorrow relaunch its BDM model by pairing up a field and phone BDM. The lender says this will “give brokers a more tailored and effective service”. NatWest says the changes mean brokers will find it easier to contact a BDM. The lender points out that if a field BDM is in […]