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Compliance appointment

Centrepoint has appointed compliance specialist Bill Warren as a non-executive director. Warren is also compliance director at Complete Mortgage and Loan Services


HSBC considers unloading loans

HSBC Holdings is contemplating unloading some of it’s A to D loans that total billions of pounds, investment banking sources revealed last week. The bank also plans to stop providing warehouse financing on sub-prime mortgages, sources say.

Bank of England freezes base rate

The Bank of England froze interest rates last week at 5.25%. Industry experts are split on whether another rate rise is needed to bring inflation under control with many predicting stable a base rate throughout 2007.

Edeus launches remortgage deals

Edeus has released 24 remortgage-only sub-prime and sub-prime self-cert products. The propositions come with free remortgage service, free property assessment, £200 cashback and rates from a 6.44% on a near prime three-year tracker.


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