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NAMBA/AIFA plan first public outing at Expo

The new association between NAMBA and AIFA will appear in public for the first time at next week&#39s Mortgage Business Expo at London&#39s Olympia, writes Helen McCormick.

Members of the National Association of Mortgage Brokers and Advisers steering committee and staff of the Association of Independent Advisers will share a stand at the event.

NAMBA chairman Charles Gooding told members in a recent memo: “The strategic alliance is going well. We have had several meetings with IMLA and the CML. Support from trade bodies and from lenders is growing.”

NAMBA has appointed a working party to draft the NAMBA/AIFA response to CP146. Gooding adds: “I have no doubt that the vast majority of mortgage intermediaries are still unaware of the full impact that statutory mortgage regulation represents, and it is one of NAMBA&#39s principal tasks to convey this message to the membership.”


Will Mervyn King have to explain why inflation has undershot the MPC&#39s target?

The cebr says that the release of the figures from HBOS implying that UK house prices rose by 5% in October (which the Monetary Policy Committee had at the time of their interest rate decision) helps explain why the MPC didn&#39t cut rates in November. Cebr data (and that from the Land Registry) suggests that […]

Interest rates on hold

The Bank of England&#39s monetary policy committee kept UK interest rates at 4% last week – for the 12th month in a row, writes Harriet Williams. Pundits say sluggish economic growth overseas and a weak UK manufacturing sector had supported the case for a rate reduction. But strong house price growth and consumer borrowing must […]

MCCB voices concern over clarity in sales process

The Mortgage Code Compliance Board released its response to the FSA&#39s Consultation Paper 146 yesterday, outlining the proposed approach to regulating mortgage sales. Drawing on its regulatory experience, the Mortgage Board has reviewed CP146, highlighting areas which it feels deserve comment. The Mortgage Board&#39s chief concern centres on the proposed introduction of a new level […]

UK insurers call for smarter regulation as EU market grows in importance

Smarter regulation to reduce the obstacles to doing business in Europe should be the key priority for the European Union, according to research by the Association of British Insurers. The European Issues Index is the first survey of its kind of the views of chief executives of UK insurance and savings companies. It shows a […]

Partied out and penniless

December has left me destitute. My piggy bank lies broken and empty, my lunchtime meal deal feels like an extravagant expense and I’m down to the Bountys in my box of Celebrations. But I won’t mourn my dearly departed pennies. Between buying gifts for loved ones (then deciding to keep them for myself) to treating […]


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