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KGB seeks satellite packagers

KGB Packaging says it’s actively seeking satellite packagers to package cases on its behalf.

Rachel Bancroft, managing director of KGB Packaging, says: The big challenge for small packagers is to grow large enough to be able to carry some weight with lenders.

Lenders are already starting to restrict their panels to a limited number of larger packagers, and this trend will continue.

Lenders want bulk distribution and larger packagers are better at delivering this than small ones.

One way that smaller packagers can start to grow is by undertaking satellite packaging, where they package cases on behalf of a larger packager that has access to good products and on-site underwriters, which enables them to earn additional fees.

One advantage of such an arrangement will be that KGBs satellite packagers will then have access to Unity mortgage products that are only available via PMPA packager members, plus all other competitive PMPA products.”


FTBs lag behind homeowners trading-up, says RICS

Failure of a housing market downturn to materialise has spurred more households to trade-up for larger properties rather than encourage first-time buyers, says the Royal Institution of Chartered Surveyors.Commenting on figures released today by the Department for Communities and Local Government, showing that house prices rose 5.1% in March, up from a recent low of […]

BDS takes on BDM

BDS Mortgage Group has appointed Sarah Barnett as business development manager with responsibility for managing key broker relationships. Blemain newscast Blemain Finance has participated in the c2-financial weekly web newscast.

Complete appointment

The Complete Network has appointed Alison Griffiths as compliance monitoring officer.


Lloyds TSB rolls-out Islamic mortgage and current account nationwide

Lloyds TSB is launching its range of Islamic financial services nationwide, following a successful pilot. From today, Britain’s two million Muslims will have access to current accounts and mortgages which comply with Islamic law (Shariah), in every one of the bank’s 2,000 branches. In the case of the Islamic mortgage, instead of lending money for […]

Naming a reward programme

Six tips to get your reward programme name right

by Debra Corey, group reward director  Choosing a name isn’t easy. Whether it’s for your new puppy, a bundle of joy or your reward programme, a name determines a first impression – and often a lasting memory. When it comes to your reward programme, the name will determine how your employees feel about it even before […]


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