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Panorama to tackle the credit crunch

The BBC has torn up its original script for Monday night’s Panorama and will instead run a special edition entitled How Safe is your Money? following the turmoil in the financial markets.

The BBC says: “On Tuesday the decision was made to tear up the TV schedule for next Monday and do a completely new programme called How Safe Is My Money?

“We call this kind of programme a “fast turn around” – instead of the usual weeks or even months of research which goes into making an episode of Panorama we have had just under a week.

“A week to find experts, insiders and case studies, to film both in the UK and US, to script and edit the programme and have it ready to go by Monday evening.”

Monday night’s programme, which is scheduled for 8.30 pm will look at how the economic turmoil will affect millions around the world, not just bankers and shareholders.


Equity release thriving in crunch

The housing market is slowing and new mortgage volumes are falling – it’s a story we are familiar with, but the equity release market is thriving. Safe Home Income Plan’s Q2 figures, which came out this week, demonstrate how equity release is resisting the credit crunch with a 14% increase in business – an encouraging scenario considering the current economic climate.

Beware of dealing with First National and igroup

GE Money’s 2 mortgage brands, First National and igroup, sent us emails yesterday evening saying that they were going to put two fingers up at the FSA’s mandatory Treating Customers Fairly (TCF) policy.

New directors for Checkmate

Checkmate Mortgages has appointed Jeremy Sillem and Gerald Gregory as non-executive directors. Stephen Knight, executive chairman of Checkmate, says: “The appointment of experienced executives is consistent with our intention to become a new force in the market.”

Bridging is no longer a dirty word

It’s not that long ago that short-term finance, or, perhaps more specifically, bridging finance were viewed as dirty words by mortgage brokers. The rates on offer were punishing, meaning there were only a handful of situations where it would be appropriate to arrange one. Some lenders didn’t exactly uphold great reputations for service standards either; […]


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