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.
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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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