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Darlington selects Lynx banking programme

Darlington has selected Lynx Financial Systems&#39 Summit programme for its core banking systems.

Summit will manage the society&#39s full mortgage application processing and post completion administration.

The company says it will allow end to end processing throughout the life-cycle of the mortgage, beginning with any quotation, through to application and completion stages and followed by the ongoing administration of each mortgage.

Peter Rowley, chief executive of the society, says: “The main objective of the project is to provide the society with the most appropriate, efficient and effective system, delivered cost-effectively and on time to facilitate the demands of the organisation.”


Personal bankruptcies rise 13% in last 12 months

A total of 33,945 people have been served with bankruptcy orders over the last year &#45 a rise of 13% from the previous year. Government figures also show that personal bankruptcies in the third quarter of 2003 are running at almost 17% higher than in the third quarter of 2002. The figures come just days […]

House prices rise over 10% from 2002

The average house price in England and Wales is now £161,665 &#45 over £10% more than a year ago. The Land Registry&#39s third quarter property price report shows that the average price has increased by 10.62% from £146,150 in 2002 to £161,665 in 2003. The report also reveals that the volume of sales has decreased […]

FSA gets into shape for 2004

The FSA is undergoing a major internal reorganisation as it prepares to go live with its regulatory proposals. Regulation of the mortgage and general insurance industries are just two areas under the regulator&#39s microscope and chief executive John Tiner is heading a management reshuffle as the body moves from policy development to policy implementation. The […]

Halifax increases SVR by 0.25%

Halifax says it will be increasing its standard variable rate from 5.50% to 5.75%, following the Bank of England&#39s rate rise last week. The increase will come into effect from the December 1 2003 for existing borrowers, with tracker mortgage customers also seeing an increase in rates from the same date.

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Health Shield announces strong results

Health Shield, a corporate health cash plan provider, has announced that it has increased gross annual premium income to more than £25m in another year of strong organic growth.


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