View more on these topics

Alliance & Leicester joins Mortgage Promotions&#39 lending panel

Mortgage Promotions announced today that Alliance & Leicester has joined its direct access lending panel.

Nick Baxter, director of Mortgage Promotions, says: “Our main aim has always been to deliver what our members want. A significant number of members have requested access to Alliance & Leicester through our club so that is what we have delivered.”

Mortgage Promotions members can now receive the following fees when submitting business via Mortgage Promotions to the Alliance & Leicester:

Brokers submitting paper applications for loans of up to £25,000 will receive £50.00; £25,000 to £99,999 will get £125; and loans of £100,000 or higher will receive 0.22% of the advance up to a maximum of £2,400.

Brokers submitting applications on-line will earn £50 for loans up to £25,000; £25,000 to £99,999 will receive £150.00; and loans of £100,000 or higher will get 0.27% of the advance up to a maximum fee of £2,400.

Mehrdad Yousefi, key account manager for Alliance & Leicester, says: “Mortgage intermediaries have always been an important source of good quality business for Alliance & Leicester. We are delighted to form a relationship with Mortgage Promotions which has already recruited a significant number of members since its launch.”


Skipton to acquire third IFA firm

Skipton Building Society has announced plans to acquire a 75% shareholding in IFA firm Pearson Jones Plc, subject to regulatory approval. An initial purchase price of £3m, with a maximum potential consideration of £9m will be paid. This brings the total number of subsidiaries within the Skipton Group to 17. Pearson Jones is a firm […]

Thompson denies fraud

A former director of Staffordshire Building Society has denied multiple charges of fraud. Andrew Thompson, who earned £102,000 a year as customer services director at the Staffordshire, pleaded not guilty to six charges when he appeared at Wolverhampton Crown Court on Monday, last week. Thompson is charged with two counts of dishonestly obtaining wrongful credit […]

No more women in bras please

From Carole Colyer-WorsellAs a female reader of your publication, I am writing to protest at the inclusion of titillating photos of women, which seem to be a regular feature. I am not interested in seeing other women in their bras. Your publication is supposed to be a serious journal for mortgage practitioners – are you […]

Bristol & West launches fixed rate mortgages

Bristol & West Mortgages has launched three new products to compliment its core mortgage range. The new mortgages are a 4.49% five-year fixed rate which is available up to 95% LTV with no extended tie in. The second one is a two-year fixed rate mortgage at 3.95%, again with no extended tie-in and up to […]

Reforming India: just the beginning

By Kunal Desai, Neptune India Fund

As global investors continue to scour emerging markets through the lens of reform potential, India shines bright. Indeed, we think it can sparkle even brighter. We anticipate India’s self-imposed 10-year ‘policy holiday’ to turn into one of the most pro-growth and pro-investment policy calendars seen in Asia in years. The Indian electorate has engineered a historic verdict. We now have the strongest Indian government since 1984, with the pro-market Bharatiya Janata Party (BJP) achieving an absolute majority for the first time in the party’s history.


News and expert analysis straight to your inbox

Sign up