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L&E to take on Irish market

London & European has unveiled plans to open an Irish operation.

The new service will launch in just over a month to the whole of the Republic of Ireland.

The firm, which already provides title insurance and panel management conveyancing services to the UK market, forecasts that the remortgage market in the Republic of Ireland is about to take off as competition among lenders increases.

Its model, which incorporates speed, simplicity and security, to cut the time and costs involved conveyancing.

It believes it can reduce conveyance costs by 30% to 50%, and work towards completions in seven to 10 working days.

Catherine O’Sullivan, managing director of L&E’s Irish operation, says: “We’ll be introducing state of the art technology and processes to the conveynacing market in Ireland and the changes will benefit lenders, brokers and consumers alike.

“A more effective conveyancing service will dramatically increase consumer interest in switching between lenders and will, therefore, stimulate competition in the mortgage marketing and lead to better value for consumers.”


Government outlines housing supply proposals

The government has outlined proposals that set out how Communities England – a new housing and regeneration agency – will support local areas deliver both social and private housing. Communities England will replace two existing agencies and aims to boost the annual housing supply to more than 200,000 by 2016. The Department for Communities and […]

A&L appoints Bennett as chief executive

Alliance & Leicester named group finance director David Bennett as its new group chief executive last week.At the same time, the lender re-ported that in the first three months of 2007 its share of the mortgage market fell to 3.9% – down from 4.4% in 2006.A&L’s full-year results for 2006 re-veal it experienced stagnant growth […]

MT offers brokers the chance to win prizes

The Mortgage Times Group has laun-ched a monthly prize initiative called Payam’s Prizes. The competition will see one broker each month win a prize when submitting an application to a guest lender. The prizes up for grabs will change each month, but they could be anything from laptop computers to wide-screen TVs. The guest lender […]

Calculate the benefits of insurance

I’m one of the loudest critics of the size of the Financial Services Authority’s annual budget and its lack of concern for the cost of regulation, so I was delighted to see its recent announcement on annual fees.


Case study: administration — managing group life schemes

Our client leads the global market in high-tech electronics manufacturing and digital media. The trustees of the company’s final salary pension scheme insure death-in-service lump sum and dependants’ pension death benefits for active employees, as well as dependants’ pension benefits for deferred members (those who have left service).


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