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Quick guide from Commercial First

Commercial First has launched a quick reference product guide. This summarised version of the lender’s brochure is intended to help brokers communicate criteria more effectively.

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Rate rise will spark repossessions, warns actuarial consultancy

Actuarial consultancy Punter Southall has warned that the surprise rate rise may spell further misery to homeowners who are battling against repossession.John Postlethwaite, consultant at Punter Southall, say: “This rise could start to put pressure on those people who have borrowed up to their maximum and the Royal Institute of Chartered Surveyors has predicted that […]

Lehman Brothers promotes Hinshelwood

Simon Hinshelwood has been promoted to the role of chief executive officer of Lehman Brothers Mortgage Capital in the UK and Ireland, effective from January 2.He will now have responsibility for the brands London Mortgage Company, Preferred Mortgages, and Southern Pacific Mortgage Limited. Hinshelwood will continue to report to Bill Bilsborough, managing director and chief […]

Brokers, packagers and relationships

An important FSA survey on the relationship between packagers and intermediaries may have been missed by some brokers but they should be aware of its conclusions, says Bill Warren

The industry needs to hear the truth if we are to stop sales of MPPI falling

From Thomas ReehI don’t know which is more disappointing, yet another ho-hum attack by Simon Burgess on single premium payment protection insurance (Mortgage Strategy January 8) or the fact that Mortgage Strategy doesn’t validate what goes to print is accurate. Let’s revisit some of Burgess’ ‘facts’. l Single premium PPI is pushed onto unsuspecting borrowers. […]