Mortgages for Business has named Commercial 1 its exclusive brokerage for secured loans and bridging finance, in line with plans to grow its broker proposition.
Moneysupermarket.com has dismissed chancellor Alistair Darling’s focus on Open Market HomeBuy products in yesterday’s Budget as a huge disappointment. Louise Cuming, head of mortgages for the price comparison site, considers equity share mortgages as a good option in principle but adds that they benefit so few borrowers that they are useless in breathing life into […]
The Intermediary Mortgage Lenders Association has welcomed the chancellor’s plan for a working group to focus on mortgage-backed securities.The trade body supports Alistair Darling’s plan to create a Mortgage Working Group to help create a gold standard for UK mortgage-backed securities.But IMLA, which represents many specialist lenders that fund themselves through the wholesale markets, warns […]
End of year results from HSBC rounded off the banks’ reporting season last week. Despite record write-downs, the group still managed a £1.1bn increase in pre-tax profits to £12.2bn, with growth in Asia and emerging markets offseting weaknesses in the US. The profit share generated by the North American market collapsed from 21.1% to just […]
Brokers can monitor their compliance with the Financial Services Authority’s Treating Customers Fairly initiative with a new health check offer from compliance specialist MS2M.The service is based on a questionnaire that uses a traffic light system to help brokers identify the systems and processes they need to review to ensure full compliance with the regime.MS2M […]
Jelf Employee Benefits looks at some of the key considerations employers should think about when reviewing and choosing a flexible benefits provider. Choosing the right benefits for your employees is one thing but delivering a successful employee benefits strategy is about understanding the complete picture and delivering it in a personalised way so that it resonates with each and every individual in your business.
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