View more on these topics

Crunch forces Opus to shut Glasgow office

Opus Mortgages has blamed the ongoing liquidity crisis and market downturn for the closure of its Glasgow-based operations.

The office’s pipeline business has been transferred to fellow Glaswegian firm Deep Blue, although Opus’ Cumbernauld branch is still operational.

Lockhart Bruce, managing director of Opus, says: “Due to economic conditions and uncertain future trading, Opus has decided to close its Glasgow-based operations. We’ve had a number of discussions with Deep Blue to ensure there will be a smooth transition of all outstanding cases.

“Hopefully things will get better for the mortgage industry in the next six to 12 months.”


Financing taskforce unveiled

The Treasury taskforce that will aim to help reopen the mortgage-backed securities market will play a major role in stabilising the cost of mortgage deals.

A&L to cut SVR by 0.25%

In line with the Bank of England’s recent interest rate cute Alliance & Leicester will be reducing the SVR on its mortgages by 0.25%.

Overseas danger

Customers buying overseas aren’t protected by regulation so brokers must refer them to specialists to shield them from a variety of dangers, says Jane Ayliff

Final Strait

All he agony and hard work is finally over for eConveyancer’s Vanessa Blount after she ran the London Marathon yesterday.

Health - thumbnail

Healthcare predictions for 2015 from Jelf Employee Benefits

The continuing fall-out from the Competition and Markets Authority’s (CMA’s) review, the rise of the private GP and digital engagement will be the primary focuses in the private healthcare industry during 2015, according to Iain Laws, managing director, healthcare and group risk, at Jelf Employee Benefits.


News and expert analysis straight to your inbox

Sign up