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Operations director at HML quits

Third-party outsourcer Homeloan Management has revealed that its operations director Damian Stansfield has decided to leave the company.

Stansfield joined the firm in October 2006 and from July 2007 until January 2008 assumed the role of acting managing director of HML.

Brian Brodie, managing director of HML, says: “Stansfield has given a lot to HML over the past 18 months.

“Both I personally and the business as a whole value his contribution over that period and would like to express our appreciation of his help and support.

“We are sorry to see him leave HML but respect his decision and wish him good luck in the next stage of his career.”


Brokers warned technology may fall short of TCF guidelines

Data management firm iiCon has warned that a high number of brokers still don’t have systems capable of testing Treating Customers Fairly. This comes as a result of the Financial Services Authority’s newsletter to financial advisers, highlighting the need for further improvement ahead of its March TCF deadline.At present, even those brokers who submit applications […]

Bids reach £23.6bn for BoE’s £5bn offer

The Bank of England has seen bids totalling £23.6bn today for its offer of £5bn three-day funding to banks. The central bank offered the facility at the current interest rate of 5.25% to help bring down the overnight LIBOR rate. A Bank of England statement says: “This action is being taken in response to conditions […]

BUDGET 2008: Mortgage Advice Bureau brands Darling naive

The Mortgage Advice Bureau has branded the chancellor naive, for believing long-term fixed rates can reduce risks for first-time buyers. Brian Murphy, head of lending at Mortgage Advice Bureau, says: “These products fail to match 21st century lifestyles. High divorce levels and ease of travel mean people are unsure of where they will be in […]

The perils of cut-price conveyancing

A recent press statement issued by law firm MTA Solicitors highlights the perils of some of the more enticing cut-price conveyancing deals being touted around at the moment.


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