Commercial First has entered into a redundancy consultation with 50% of its staff – around 93 employees – after it suspended new lending last month. The lender says it hopes to return to the market soon but will have to reduce staffing levels in the meantime.
An International Monetary Fund report predicts a significant correction to UK pro- perty prices, which it claims are overvalued by 25% to 30%.The IMF’s World economic outlook 2008 published last week states spiralling growth during the past 10 years has left the housing market wide open to a correction.The report also states that the severity […]
Alliance & Leicester has been approved to issue up to around £8bn in covered bonds.
Homebank Financial Services is expanding its sales team to deal with soaring enquiring levels.
The packager market is split at the moment as to whether satellite packagers can offer the industry any value. So, we’ve got two industry figures to fight out their corner. Dale Jannels, sales and marketing director, All Types of Mortgages Having reviewed the ongoing debates from various sources, I feel there is a wide mis-match […]
by Debra Corey, group reward director Choosing a name isn’t easy. Whether it’s for your new puppy, a bundle of joy or your reward programme, a name determines a first impression – and often a lasting memory. When it comes to your reward programme, the name will determine how your employees feel about it even before […]
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