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MPLC marketing appointment

Mortgages PLC has appointed Kirsteen Gibb to the newly created role of marketing communications manager. Based in Glasgow, Gibb reports to head of marketing, Julian Wells.

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IDDs and affordability is a worry, says FSA

The Financial Services Authority says it still has concerns about Initial Disclosure Documents, with one out of two containing five or more errors.Speaking at the Mortgage Business Expo, Clive Briault, managing director of retail markets at the FSA, says although the regulator has been encouraged by the fact that consumers find Key Facts Illustration and […]

Salt launches specialist lines

The Derbyshire is launching commercial and buy-to-let ranges through its subsidiary Salt this week.The society has already been dabbling in commercial mortgages through its main brand since February this year. But it hopes to increase its market share by launching ranges through its subsidiary.Salt Commercial and Salt Buy-to-Let will officially be launched at this week’s […]

MPLC completes securitisation

Last week, Mortgages PLC completed a securitisation of £650m of mortgage assets. The bonds have been issued via its parent Merrill Lynch.

Nationwide increases SVR

Nationwide has confirmed it is increasing its base mortgage rate from December 1 by 0.25%.The BBR will increase from 6.24% to 6.49%, although the lender says it is still around 0.50% lower than the SVR of most other major high street lenders assuming that they also increase their SVRs in line with the base rate. […]

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Financial advice can benefit customers by £40,000

New research shows those customers who receive financial advice can be better off on average by £40,000 We’ve sponsored a research project with the International Longevity Centre – UK (ILC-UK) to produce ‘The Value of Financial Advice’ report. This independent research demonstrates that customers who take financial advice can, on average, be £40,000 better off than those […]

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