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Pinnacle Mortgage Funding launches online case tracking

Mortgage packager Pinnacle Mortgage Funding has launched a web based online case tracking system giving brokers a 24/7 facility to track the progress of their cases.

Brokers can communicate via e-mail, text, phone or fax and all brokers signing up to the system will automatically qualify for a 48-hour procuration fee payout.

Les Daley, director at Pinnacle, says: “In the current climate, speed of service combined with positive cash flow are key requirements for all brokers and this facility meets those needs perfectly.”


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 […]

Easier2move sales appointments

Easier2move has appointed two regional sales directors. Lisa Newey and Charlotte Etheridge have been promoted to the positions, with Newey covering the South and Etheridge overseeing central and northern England.

NR to axe up to 2,000 jobs

Up to 2,000 jobs will be axed at Northern Rock during the next three years as the bank undergoes a major downsizing process. The beleagured UK bank is also looking to have a much smaller presence within the intermediary mortgage market. Going forward it says it will concentrate on its most important partners, as well […]

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What price (more) freedoms?

George Osborne will make his last Budget speech of the current parliamentary term this week, and the early media briefings suggest that pensions will again feature heavily in that statement. So what are we able to learn from the weekend’s coverage?


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