View more on these topics

Stoke firm joins mortgageforce

Mortgageforce has added Stoke-based brokerage Brian Alcock & Associates to its growing list of franchisees.

The brokerage completed around £100m worth of business in 2007.

Mortgageforce managing di-rector Kevin Duffy says his firm wants to increase its number of franchisees. He adds that brokers like mortgageforce’s lender referral programmes, such as its efforts to relocate Bradford & Bingley’s £14bn mortgage book.

Duffy says: “This brokerage is experienced and will help us dev-elop our presence in Staffordshire.”

Rob Alcock, senior mortgage consultant at Brian Alcock & Associates, adds: “We were looking for security and mortgageforce can provide that.”


Morgan Stanley hit by $2.2bn loss

Morgan Stanley has posted a $2.2bn (£1.38m) loss for Q4 amidst what the US investment bank has dubbed challenging and unprecedented market turmoil.

Trackers disappearing claims

The Bank of England’s attempts to kick start the market by slashing the base rate have done little to help new borrowers who are struggling to find a tracker rate says

Barclays lurks at the bottom of an empty barrel

As if things couldn’t get any worse for brokers, I am now being forced to use companies such as Barclays and Woolwich. Talk about scraping the bottom of an empty barrel.

Cheaper funding is round the corner

Lenders will be able to access cheaper funding through the government’s Credit Guarantee Scheme within a matter of days.


News and expert analysis straight to your inbox

Sign up