From Roger BrownI couldn’t stop laughing when reading your recent article entitled ‘Bolton continues packager attack’ (Mortgage Strategy June 5). In it, Michael Bolton says packagers have been the clear losers since regulation. I’ve never read such nonsense. He hasn’t kept up with developments. Packagers are continuing to grow which is why a global brand like GMAC-RFC supports them. Research shows around 60% of sub-prime business is placed through packagers. Packagers aren’t losing out but Bolton is losing touch with reality. Roger Brown, Director, Packager Review, By email
The Council of Mortgage Lenderssays the most effective policies for providing affordable home-ownership will be those that offer the flexibility for young home buyers to take on only levels of mortgage debt that are prudent given their incomes and other financial commitments. Research from the CML shows higher levels of student debt is likely to […]
Brentwood-based sub-prime lender Swift Group has appointed James Briggs as business development manager for the North-West. The appointment brings Swift’s sales team headcount to six and continues its strategy of strengthening the sales function.
Debt recovery specialist Moore and Blatch has warned that changes in the public attitude to debt may present lenders with fresh challenges in recovering debts. Statistics from the government’s Insolvency Service show that more than 23,000 people became insolvent in England and Wales during the first three months of 2006. This represents a 73% rise […]
New Build Inspections has launched a portal for Home Information Packs.
The rollout of Fit for Work (FFW) has now started in England and Wales.
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