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MGM receives final authorisation

Stephen Maskens, manager of MGM Home Finance, says: “This is excellent news and testament to the importance and hard work MGM placed on working within the new regulatory regime.

“We look forward now to working closely with our appointed representatives with no further steps necessary to operate in the new mortgage market.”

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Scheme to assist in money transfers abroad

Currently offered exclusively to clients of Hove-based CFS, the UK&#39s leading overseas mortgage broker, the scheme has been launched in response to the needs of Britons moving abroad or buying property for investment or personal use. Many such buyers are finding that the size and regularity of money transfers between the UK and overseas, for […]

Elephant gets official authorisation

Gary Miller-Cheevers, managing director of Elephant Loans, says: “We are delighted to be one of the first companies in the UK to receive formal FSA authorisation and this further demonstrates our commitment and ability to provide the highest quality operating procedures in the UK mortgage market.”

Purely Mortgages strikes distribution deal with Interactive Investor

Purely Mortgages has been selected ahead of other established brokers to provide fees-free mortgage solutions to Interactive Investor&#39s database of over 1.4 million registered users. The partnership gives Purely Mortgages greater access to the consumer mortgage market, complementing its national press advertising and PR launch this month, and provides Interactive Investor with an impartial, straightforward and […]

Loans drop points to lull in market

The CML&#39s market briefing for September says the number of loans approved has dropped which will lead to a fall in transactions. It states: “Approvals weakened in July. The number of loans approved for house purchase fell from 112,000 to 97,000, a fall of 13% over the month. We expect this to translate into a […]

Europe: why persist with value today?

By Rob Burnett, Neptune’s Head of European Equities The Neptune European Opportunities Fund remains committed to a value bias. We see a broadening array of opportunities in diversified industries at compelling valuations today. The most complicated part of the market is the European banks. We are currently overweight in this sub-sector as many banks are […]