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Cheshire sues surveyor for £9m

The Cheshire is suing Dunlop Haywards Chartered Surveyor for £9m following an investigation by the Serious Fraud Office into alleged fraud by former head of valuations Ian McGarry. This follows the revelation of “extreme inconsistencies” in a commercial valuation made by McGarry, who was arrested and released by police last March.

RBSIP to shed middle managers

Trade union Amicus has confirmed that some of the 30 staff offered redundancy at Royal Bank of Scotland Intermediary Partners are in the middle management tier. Sources say they are being cut to bring numbers more into line with a falling number of BDMs, something the lender denies.

Accord unveils remortgage deals

Accord Mortgages has launched a range of remortgage products in association with eConveyancer. The service offers a choice of solicitors and customers can opt to pay product fees or not.

Optoma and B&W part company

Optoma Broker Solutions has removed Bristol & West Mortgages from its panel by mutual consent.

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C2 bosses buy stake in Mortgage Mosaic

David Wylie and Justin Caffrey, the proprietors of c2-financial, have ac-quired a minority shareholding in Mortgage Mosaic, the firm that operates Mosaic Mortgage Club.The shareholding was bought for an undisclosed sum.Mortgage Mosaic designs mortgage compliance and customer management software systems. The firm’s mortgage club has nearly 500 directly authorised broker members.BDMs from c2 and Mortgage […]

IF to offer DIPs in five minutes

Intelligent Finance will offer a five-minute online decision in principal via mform.co.uk. Francis Ghiloni, marketing and business development director of mform.co.uk, says: “Savvy consumers are comfortable conducting business over the internet.”

Platform confirms Hunt’s departure

Platform has confirmed the departure of its head of marketing, Paul Hunt. Following six years at the company he is to take up his new role as director of marketing at Lehman Brothers in the autumn.David Tweedy, managing director of Platform, says: “Since being acquired by Britannia in 2001, Platform has contributed to the ongoing […]

Godiva launches ERC-free 125% product

Godiva Mortgages is adding a flexible fixed rate product with no early repayment charge to its MOREgage range.The specialist lending subsidiary of Coventry says the product is unique in the 125% market.Colin Franklin, managing director of Godiva Mortgages, says: “Our MOREgage products offer the combination of secured and unsecured lending – a 95% LTV mortgage […]

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]

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