View more on these topics

PMPA to reform

John Mawdsley, director of The Mortgage Partnership, Ian Nelson, chairman of BDS and Andy Linnett, director of LMS Specialist Mortgage Services, have revealed the Professional Mortgage Packagers Alliance is reforming.

Following detailed discussions with all concerned parties it has been agreed that the PMPA will be reconstituted with several changes to its constitution.

Members now have equal equity stakes in the organisation and equal voting rights, and it will be run by a management board with regular rotation of members and chairman.

The revised alliance will be based upon the principle of not for profit and all surplus profits will be reinvested for the promotion of the association and delivery of added value services.

The combined purchasing power of the group will be used to deliver products to the intermediary market that offer exceptional value and quality of service

Mawdsley and Nelson, spokesmen for the PMPA, says: We are delighted the reforms to the structure of the PMPA have received the unanimous support of the membership.

“The newly constituted body will more closely bring together a group of 22 mortgage professionals who wish to be the byword for the highest standards of integrity, service, and transparency in the packaging industry.


Lawpack publishes book to help landlords

Many of the problems that arise between landlords and tenants can be put down to a universal human failing – lack of communication. Misunderstandings over contractual rights and obligations, for example, relating to property inspection and repairs, can result in situations and incidents that produce ill feeling on both sides and possibly the breakdown of […]

A fruitful year

Many thought 2005 would be a quiet year but the mortgage market has seen a plethora of product launches over the last 12 months, says Martin Reynolds

Big potential in commercial investment

Following on from last week’s article, the owner- occupied business premises market is not the only area in which your clients may be seeking funding. Investors who have historically only invested in the buy-to-let market are now seeking opportunities in the commercial investment market. Intermediaries have a variety of funding options for such a purchase.

West Brom boosts local fundraising

The West Bromwich, in partnership with the Mercian Trust, is donating 10,000 to support local seasonal fundraising activities. Among the beneficiaries are the Phoenix Singers, who will give a fundraising concert in aid of St Mary’s Hospice at the Adrian Boult Conservatoire in Birmingham on December 17. West Brom is also working with the Birmingham […]

Canada Life annual IHT survey results

75% of wealthy unaware of new residence nil rate band IHT allowance Just 4% were aware the new allowance will be up to £175,000 per individual Lack of awareness of IHT rules means families risk paying a bigger bill than they need 83% think the current inheritance tax rules are far too complex A remarkable […]


News and expert analysis straight to your inbox

Sign up