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Complete offers support to Solent

Complete Mortgage and Loan Services has expressed support and sympathy for the directors and staff of neighbouring south coast packaging and distribution firm, Solent Mortgage Services, following its decision to cease trading.

Damian Cain, director of Complete, says: “It is a very difficult time for everyone in the industry, and the whole sector is experiencing unprecedented change in the ways that lenders intend to distribute the ever-decreasing number of intermediary-based mortgage products in future.

“The packager sector has been particularly hard hit and even well-run and successful businesses such as SMS can find that their business models now fail to fit the rapidly changing nature of the mortgage distribution market.

“Our sympathy goes out to the directors and work force, which include a high proportion of experienced and talented individuals. Solent have for a long time been forerunners of the packaging industry and the management team are popular figures within our community.

“We wish them all the best at this difficult time. As far as Complete are concerned we remain in the market and continue to offer distribution to a large lender panel. Hopefully, with continued lender and introducer support we can continue to prosper and be in a position to help some of SMS’s staff and business partners to remain in the industry.”


Brokers say no market recovery until 2010

Brokers and estate agents are in agreement that the property market will not fully recover until the end of 2010, reveals a poll from Easier2move.

OFT looks into HBOS merger

The Office of Fair Trading is looking for feedback over the merger of HBOS and Lloyds TSB.

CBI calls for rate cuts amidst weak growth

Businesses are calling for a 0.5% rate cut against a forecast of the weakest growth since 1992, reveals the Confederation of British Industry.

Private rental sector is flourishing

The recent quarterly figures from the Association of Residential Letting Agents confirm what we have been saying for some time – that the private rented sector is not just holding up in the current economic environment, but flourishing.


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