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First Active brings snow to Trafalgar Square

First Active has transformed Trafalgar Square into a winter wonderland today, with real snow shipped in for the occasion.

Responses to a survey of 5,000 people, asking what five things they believed made a perfect Christmas, proved so overwhelming that First Active decided to take over Trafalgar square and fill it with all the things that people really want to experience as part of a traditional Christmas.

G4 from the X Factor kicked off the carol singing in the snow-covered square and mince pies and hot chocolate are being provided for the assembled crowd.

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GMAC-RFC completes 800m securitisation

GMAC-RFC has closed its latest securitisation, valued at 800m, through its RMAC programme. It is GMAC-RFC’s 17th transaction in the UK RMBS market, and total issuance since 1998 exceeds 9bn. This deal is backed by 41% prime/near prime and 51% non-conforming mortgages.This transaction has been divided into five publicly funded tranches all denominated in UK […]

FSA to crack down on unauthorised GI business.

In a speech in New York last night, John Tiner, chief executive at the Financial Services Authority, pledged to crack down on unauthorised general insurance intermediation business.He says the FSA has already been taking measures to crack down on unauthorised business in the mortgage market and will continue to do this in the insurance field.He […]

Perfect present

As Christmas fast approaches, the gift at the top of the industry’s wish list is a raise in the Stamp
Duty threshold to help first-time buyers, says Helen McCormick

Now more than ever, we need to back the small developer

In the context of the current housing deficit, the latest housebuilding stats aren’t great. But what does doing better look like? The Department for Communities & Local Government published its latest figures at the end of August, which revealed that housebuilding starts in England rose 2 per cent in Q2 compared to the previous quarter […]

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