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Chairman of FSA panel appointed

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.

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Niche signs up to PMPA

Niche Mortgage Solutions is the latest member of the Professional Mortgage Packagers Alliance. Based near Reading, Niche has nationwide broker coverage and three franchise offices in St Albans, Wisbech and Edinburgh.

Average house price is 188K, says DCLG

House prices rose by 5.1% in April from 186,000 in March to 188,000, the latest housing index from the Department for Communities and Local Government has revealed. Annual house price inflation in London was 7.1% in April 2006, up from 4.0% in March 2006.The UK annual house price inflation rate for the three months to […]

A&L officially launches specialist lending range

Alliance & Leicester will shortly start to distribute buy-to-let, self-cert, near-prime and sub-prime specialist mortgage products through a number of mortgage intermediaries. The assets originated will be sold to Lehman Brothers under an agreement. The bank confirmed this in its 2006 pre-close announcement to the City today.Mehrdad Yousefi, head of intermediary mortgages, says: “We are […]

Charcol chooses eMoneyfacts for mortgage sourcing

John Charcol has chosen eMoneyfacts as its mortgage sourcing system. eMoneyfacts provides brokers and intermediaries with a comprehensive and whole of market sourcing system, which means their clients can rest assured that the advice they are getting is based on the latest product information.Ray Boulger, senior technical manager at Charcol, says: I have used Moneyfacts […]

Creating opportunity out of change

By Denise Wond, marketing manager The buy-to-let market has recently been the subject of a raft of tax changes, all of which make it a less profitable and less appealing proposition for investors. In response, we’ve seen a dip in demand for BTL mortgages and that’s bad news for many advisers who will now be looking […]

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