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C-NLIS appoints former OEA to board

The Council for the National Land Information Service has appointed the fomer Ombudsman for Estate Agents to its executive board.

Stephen Carr-Smith is tasked with helping C-NLIS develop standards for the property search industry, ensuring that homebuyers are protected and receive up-to-date and authorative property search information.

Imtiaz Farookhi, chairman of C-NLIS, says: We are delighted to welcome Stephen to the board.

“His vast experience in establishing standards and of regulatory schemes, along with his wealth of top level strategic experience, will prove invaluable to C-NLIS goal to ensure all property searches are carried out to a fully comprehensive and accurate professional standard.

Carr-Smith was also previously a member of the British and Irish Ombudsman Association and a member of its working group on ‘principles of good complaints handling.


PMS to revamp aggregation service

Premier Mortgage Service is revamping its aggregation services by adding mortgage compliance and protection panels to the service.The services will be underpinned by an IT platform with back office systems. In addition, integrated links to both Trigold and Mortgage Brain have been established in order that a one-stop-shop trading portal can be made available. The […]

Lenders urged to take responsibility for design flaws

The Association of Mortgage Intermediaries has called for lenders to take responsibility for any initial flaws in product design. The call follows the Financial Service Authority’s discussion paper 06/4, which looks to the responsibilities of lenders and distributors for the fair treatment of customers.AMI’s response to the discussion paper stems from its belief that lenders […]

Lund quits as chief executive of St. James’s Place

St. James’s Place has revealed that Mark Lund has stepped down as chief executive and is leaving the group to seek a fresh challenge. In a statement on the resignation, St. James’s Place says it make a joint decision with Lund that he should step down. The search for a new chief executive will start […]

Holiday homes ease financial stress, says NatWest

A third of people who own a property abroad feel that their holiday home eases financial stresses throughout the year, reveals NatWest.In addition, a quarter of those asked feel it would reduce the sheer stress of arranging holidays.Research from the lender found that a third of Brits have seen their holidays ruined on arrival by […]

Sub-Saharan Africa Near-Term Outlook

By Paul Caruana-Galizia, Neptune Economist

Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.


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