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NDL conference: Sub-prime business to fall by 30%

Speaking at Network Data’s annual conference today, Alex Cotton, chief executive of Network Data says that it is predicting sub-prime business to fall by 30% in 2008, and prime by 10%.

She also revealed that BM Solutions has lost its top spot in the lender charts and has dropped to third place, while Abbey for Intermediaries is now the lender that Network Data Appointed Representatives use the most.

As brokers look to diversify it also revealed that it has had a record year in terms of secured loans.

Its members will also now be able to launch packaged applications electronically, as well as benefit from a wider range of equity release and home reversion products.

One area the network felt brokers are not taking advantage of is the protection market, where it says many of its advisers are still not cross-selling, which is contributing to an estimated £2.3 trillion protection gap in the market.
In response to this Network Data is adding Legal & General and other providers to its insurance panel.

It will also be introducing a new AR handbook, as well as a quarterly newsletter, and improved website.


N4 Solutions appoints consultant

N4 Solutions has appointed Henry Woodcock as client solutions consultant.N4, an Experian company that provides multi-channel distribution and technology software for the mortgage industry, says Woodcock will be responsible for evolving N4’s services and products. He joins the firm from TietoEnator, the IT solutions provider formerly known as AttentiV and Lynx Financial Systems, where he […]

Barnetts Solicitors forecasts bullish 2008

Barnetts Solicitors has earmarked 2008 as a year of growth as it looks to build its residential and commercial conveyancing customer base. As a technology focused firm, it says it’s well positioned to deal with the difficult market conditions and is now looking to the future.It intends to build and diversify its customer base this […]

Easier2move appoints first chairman

Easier2move has appointed Tracy Morshead as its first chairman.It follows his apppointment as chairman of Mortgage Brain.He joins E2M from Principality where he was managing director, before which he spent 10 years at Nationwide in a number of senior positions including divisional director of mortgages and insurance and divisional director of marketing.His new responsibilities will […]

Apathy and ignorance fuel rising debt

It appears the message that 1.4 million home owners must remortgage this year to avoid huge repayment hikes as their fixed rate deals come to an end is not getting through.


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