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Outsourcing tipped to grow

Newcastle says the unpredictable mortgage market will lead more financial services firms to outsource services this year. The society has seen significant growth in its outsourcing arm, Newcastle Strategic Solutions.

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The Insider

Group hugs and punctuation There’s nothing like a crisis to bring out the Dunkirk spirit. Poor old lenders have come in for a bit of stick of late, with many people crying foul about the timing of product withdrawals. But the squeals from the Treating Customers Fairly brigade seem disingenuous when you consider that if […]

BoE bond plan under fire

The Bank of England’s plan to swap mortgage-backed securities for government bonds has come under fire this morning.

Kensington shares funding

Brokers are calling for len-ders to copy Kensington Mortgages’ move to share mort- gage funding equally between brokers and packagers.The lender is providing funding for products in set tranches to be shared by the two groups. It says this will be done in a fair and transparent way that will limit lending volumes in line […]

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