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Mortgages PLC receives notification of full authorisation

Trevor Pothecary, group chief executive says: “Everyone at Mortgages plc has worked hard over the course of the last year to prepare the business for regulation and we are now finally ready. We have an excellent product line-up, can promise a fast and efficient service and have a team of knowledgeable staff on hand to help packagers and brokers.”

Mortgages plc network subsidiary, Genesis, has also received its Part IV permission notice this week.


Market Watch

Swap rates closed slightly down last week. One-year money is down 0.03% to 5.16%Two-year money is down 0.04% to 5.16%Three-year money is down 0.04% at 5.21%Five-year money is down 0.07% to 5.25% Lambeth launched an excellent three-year fixed rate at 5.10%. This follows its market-leading two-year fix at 4.85% which was pulled recently. Lambeth is […]

CCJ enforcement method unveiled

A consultation paper, Civil warrant performance indicators – information for customers, asks for comments on the proposals. It also looks at information that would be useful to customers on the County Courts that enforce judgements. The paper suggests a new method for evaluating how effectively warrants are executed by the courts. It is proposed that […]

Market Watch

Both swap rates and LIBOR were quite volatile, ending slightly up last week. • One-year money is up 0.05% to 5.19%• Two-year money is up 0.05% to 5.20%• Three-year money is up 0.05% at 5.25%• Five-year money is up 0.05% to 5.32% Alliance & Leicester has launched a two-year fix at 4.95% and a two-year […]

LIME fully authorised

Simon Hudson, chief executive of Tenet, says: “As a major player in this market and the first mortgage network to launch, this permission confirms the decision of hundreds of advisers to join LIME was the right one.” To prepare advisers for pending regulation LIME are hosting a series of industry-leading events over the coming weeks […]


Guide: what you need to consider for your auto-enrolment project

In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.


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