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NDL conference: 2007 saw unprecedented challenges

Network Data’s third annual conference kicked off today in Birmingham with Richard Griffiths, chief executive of Network Data Holdings admitting that the company had faced unprecedented challenges in 2007.

Griffiths says: “Last year at the conference I opened my speech by saying that 2006 had been a very successful year for us.

“But 2007 has seen unprecedented challenges for us and since August the market has been badly hit by the credit crunch. If anything it is going to get worse and it may be a few months before things get better.”

He confessed that the government’s inept handling of the Home Information Pack situation meant that it has also suffered loss in that area.

However, other parts of the business had performed well, such as panel management.


Conveyancers must disclose fees

Conveyancers are being warned that they may be in breach of the Law Society’s code of conduct for failing to disclose their fees.Rule seven of the code outlines the duty of solicitors to present clear and upfront fee schedules in accordance with the British Code of Advertising Practice.Bromley-based solicitors MTA is concerned that some consumers […]

BUDGET 2008: No respite for FTBs

The chancellor Alistair Darling’s maiden Budget offers no real respite for first-time buyers says’s managing director Helen Adams.She says that the the governent continues to leave the next generation high and dry by offering almost no relief in terms of tax or Stamp Duty. She says: “Simply allowing shared ownership property buyers only to […]

Nationwide unveils specialist boss

Nationwide has poached Clive Hodges from Abbey to become head of operations at its specialist lending division.As Mortgage Strategy exclusively revealed on January 21, the mutual had shortlisted four candidates for the role, with each being subjected to a three-hour psychological assessment as part of the application process.Hodges, who took up his new role on […]

Packagers are not ready to be written off

The run-up to this year’s Mortgage Packager Summit was more subdued than in previous years, even though delegates looked forward to staying at the beautiful Monte Carlo Bay Hotel.Despite difficult market conditions, the delegates who gathered for the event were confident that the packaging sector was ready for the challenges ahead.The event covered a broad […]

Europe: why persist with value today?

By Rob Burnett, Neptune’s Head of European Equities The Neptune European Opportunities Fund remains committed to a value bias. We see a broadening array of opportunities in diversified industries at compelling valuations today. The most complicated part of the market is the European banks. We are currently overweight in this sub-sector as many banks are […]


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