By Nicolette BotbolBrokers say an increasing number of high street bank branches will not affect them and that consumers will stick with intermediaries if they want best advice. The Forum of Private Business has welcomed moves to bring banks back to high streets. Major banks including Halifax, HSBC and Abbey say they will spend millions of pounds opening at least 50 branches each. Andy Mowlah, banking expert at the FPB, says: “This is great news for small business owners. But we will wait and see if these banks really open more local branches after years of closures.” Jonathan Burridge, managing director of Quantum Group, says: “More bank branches does not mean more risk to brokers as banks still control lending decisions centrally. This may be the first sign of banks’ acceptance that call centres aren’t as good as the personal touch.” Melanie Bien, associate director at Savills Private Finance, says: “The opening of branches won’t affect brokers much, particularly at the top end which deals with complex mortgage issues.”
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The Financial Services Authority has appointed Mark Rothery as chairman of the Smaller Businesses Practitioner Panel. He succeeds Ruthven Gemmell who will stand down and assume the role of deputy chairman for one year.
Mortgages PLC is to sponsor the golf event on the final day of the Mortgage Summit in Jerez on Friday June 23. The event will be an extension of the lender’s 2006 PGA Challenge, and will offer delegates the opportunity to qualify for the UK final at Brocket Hall on July 3, which in turn […]
Propertyfinder.com says England football fans should avoid hanging English flags outside their homes if they want to sell during the World Cup. Its says women and wealthier buyers are far more likely to disapprove of homes sporting flags. Warren Bright, chief executive officer of propertyfinder.com, says: “If you have your house on the market and […]
The vast majority of landlords expect to see a significant increase in house prices over the next 12 months, reveals a survey from Mortgage Trust. It shows confidence in the housing market reaching record levels with 90% of respondents expecting house prices to rise over the coming year.
In this short video, Head of Multi Asset at Royal London Asset Management Trevor Greetham looks at how to configure portfolios to match different risk appetites, explaining the tools he uses to manage risk. Click here
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