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Fitch Ratings awards Crown with positive rating

Fitch Ratings has given Crown Mortgage Management UK a positive rating in its annual review, with its UK commercial mortgage ratings being the second highest possible.

Crown manages the mortgage outsourcing for companies like Royal Bank of Scotland, HBOS, Interbay and Rooftop.

The Fitch ratings are based on Crowns continued ability to administer commercial and residential mortgage loans, as well as manage the collection and enforcement process for defaulted loans.

Julien Holmes, managing director, Crown, says: We are delighted that Fitch has given us a positive rating.

Its ratings are based on our experience of administering prime and sub-prime residential and small ticket commercial mortgages.

They also reflect the extensive industry experience of senior management, good technology and a sound internal control environment.


South-West prices boosted by internal migration

The South-West of England has had the largest net gain from internal migration over the past decade contributing to rapid house inflation in the region, reveals research from Halifax. The research shows over 300,000 more people have moved to the South-West from elsewhere in the UK than have left to live in another region, boosting […]

Praxis adds Advantage to lender panel

Advantage has revealed it has been appointed to the lending panel of Praxis. Through Praxis, brokers can now secure deals on the full Advantage product range including the ADV sub-prime range, the Flexishare shared appreciation mortgage and the Open Market HomeBuy plan, supporting the government-backed home buy initiative. Other products from the Advantage range will […]

Salans appoints sales and marketing specialist

Salans, the brokers’ specialist conveyancer, has appointmed sales and marketing specialist Richard Carson to develop its customer base.Carson has over 20 years experience of the financial sector having worked for 17 years at the Market Harborough as marketing and branch operations manager. After leaving Market Harborough, he became general manager for business development at Mutual […]

CEBR special report: Danger of early rate hikes

The economic news over Christmas and New Year has pointed to strong activity in the UK and continental Europe, and this may well push their respective central bankers into putting up interest rates soon.The picture from the US has been patchier, although firm consumer spending figures and today’s data showing a 167,000 jump in non-farm […]

A funny old year

The past 12 months have been turbulent – just take a look at this chart of the FTSE 100 over the last year. There have been some points which I’m sure would have caused your clients some concern, and possibly even had them looking for an alternative investment with reduced volatility; perhaps without reducing their […]


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