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MBS chooses Exweb portal

Mortgage Broking Service has chosen The Exchange’s Exweb portal service as its technology and e-commerce partner. All 130 advisers at MBS will have access to Exweb’s services.

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Lib Dems warn of increasing debt due to rising unemployment

The Liberal Democrat Party has warned that rising unemployment could result in more debt, arrears and repossessions. Recently published government figures show unemployment has reached a seven year high. Liberal Democrat shadow chancellor Vince Cable says: “These figures are seriously worrying and represent a trend of rising unemployment stretching back almost two years.“It means that […]

Lenders raise their SVRs

Nationwide and Halifax have increased their SVRs following the base rate rise. Nationwide is raising its base rate by 0.25% to 6.49% from December 1. Halifax is increasing its SVR from 6.75% to 7%.

Ban called for on variable rate high income multiple products

Economist John Wriglesworth has called for a ban on high income multiple variable rate products.Speaking at today’s Mortgage Business Expo in London, he says that while he welcomes fixed rate high income multiple products he warns that variable rate options pose a “dangerous” and “unacceptable” risk to consumers.Wriglesworth says: “Variable rates with high income multiples […]

OFT warns estate agent

The Office of Fair Trading last week gave an official warning to the former proprietor of estate agency Homes Direct for failing to disclose his personal interest in the acquisition of a property from a client.

The future of active management is now

Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management’s shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions. Four investment experts […]

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