The Derbyshire Group, which launches its specialist lending brand Salt today, plans to expand into commercial lending and make at least one acquisition in the next year.But it has ruled out acquiring a building society and will instead look at acquiring firms that complement its processing and distribution channels. Salt will initially focus on sub-prime and sub-prime self-cert, as well as buy-to-let and other specialist niche markets, and will be distributed exclusively through a panel of packagers before going direct through brokers. It also plans to have a full application online facility operational by next year.
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The greatest selling barriers in any emotive sales area are myths and misunderstandings on the part of the consumer. The equity release market is typical of this.
Mortgage Brain today launches the latest version of its sourcing system – Broker 6.50. The software features a number of enhancements, most notably an affordability calculator that filters all products that exceed the client’s budget. While some lenders provide online affordability calculators, they have been criticised for not explaining how they calculate the figures. Mortgage […]
The Mortgage Business, HBOS Group’s packager-focussed lender, has revealed the products that will take the company into 2006. The portfolio focusses on three areas – self-cert, self-build and ‘House 2 House’ (for buying a second property for investment) mortgages. Each range has some products that are free from early redemption fees and that come with […]
Advisers operating a multi-tie proposition alongside whole of market advice expect to be able to write business more profitably at less cost, says Sesame. The findings come as Sesame announces that over 500 advisers have signed up to its Sesame Select proposition in the first two months since its operational launch. Based on Sesames experience […]
By Jim Grant, Senior Product Insight & Technical Support Analyst The definitions of adjusted income and threshold income used to determine whether, and to what extent, someone’s annual allowance will be reduced can be confusing. Here we try to make sense of it all. The annual allowance will be reduced for high income individuals from […]
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