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Central banks try to ease the pain

The world’s central banks have reiterated their commitment to injecting liquidity into the markets. Meanwhile, the Bank of England is to offer its three-month open market options against a wider range of high-quality collateral until April 15.

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BUY-TO-LET SUMMIT 2008: Optimistic outlook for B2L

Mortgage Strategy’s Buy-to-let Summit has kicked off this morning with statistics revealing positive prospects for the sector.Speaking at the Four Seasons Hotel in Fleet, Hampshire, Michael Ball, professor of urban and property economics at Reading University, outlined a raft of figures and reports that give cause for optimism for buy-to-let landlords and lenders.He says: “The […]

TFC Homeloans offers Sesame free legals

TFC Homeloans is offering Sesame members a £99 application fee and free legals on all remortgage applications submitted online and below £1m. They are only available on standard remortgages in England and WalesThe announcement follows the news that TFC Homeloans, which is part of the Orbiter Group, is one of only seven packagers to remain […]

Lehmans may close SPML

Rumours were rife last week that Lehman Brothers is planning to pursue a single-brand strategy. Mortgage Strategy understands the US bank will close its Southern Pacific Mortgage Limited division in favour of Preferred. Last September the bank announced some 150 plus jobs were to be slashed from new business departments, including its compliance and mortgage […]

Bids reach £23.6bn for BoE’s £5bn offer

The Bank of England has seen bids totalling £23.6bn today for its offer of £5bn three-day funding to banks. The central bank offered the facility at the current interest rate of 5.25% to help bring down the overnight LIBOR rate. A Bank of England statement says: “This action is being taken in response to conditions […]

Johnson Fleming is a finalist at UK Pensions Awards 2016

The UK Pensions Awards shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members. This year’s awards looked at advisers and providers across 31 different categories and were rigorously judged by a panel of senior […]

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