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Elephant floats for first time

Elephant Loans & Mortgages has listed on the Alternative Investment Market of the London Stock Exchange for the first time.

The company continues to exceed budget with October being a record month for turnover and profits and company directors are confident that the financial forecasts specified in its AIM admission will be achieved.

All shares have already been sold level of demand was higher than expected resulting in over-subscription. Elephants market capitalisation is valued at 6.3m and over 21 million shares were issued at 3p which represents a total of 10.34% of the issued share capital immediately following placing. This was 650,000 gross proceeds for company.


TMPC agreement with Kensington

Brokers using corespondent lender The Mortgage Placement Company now have access to an increased number of non-conforming mortgage products thanks to its new agency agreement with Kensington. TMPC will offer all of Kensington&#39s range including its 90% self-cert product for first-time buyers. Edwin Coughtrie, managing director of TMPC, says: “We always want to give choice […]

Britannic Money freshens up its flexible sub-prime mortgage

Britannic Money has announced an enhancement to its sub-prime mortgage – the Flexible REStart Homeloan (FRESH). With immediate effect the self-cert option on its sub-prime mortgage product will be available to employed applicants. FRESH Product details: • Daily interest calculations• All products track three-month LIBOR for the life of the loan• 1.55% discount for 12 […]

&#39Better regulation&#39 plea

In his final speech as chairman of the Association of Independent Financial Advisers at the Association&#39s annual dinner last week, Lord Hunt told guests that the predominant themes during his three years as chairman were regulation and reviews.And, in a plea to FSA chairman Sir Howard Davies, he went on to say: “I urge the […]

Healthy addition to the Skipton Group

Skipton Building Society has acquired an 85% shareholding in The Private Health Partnership Ltd – an independent healthcare intermediary – bringing the total number of subsidiaries within the Skipton Group to 16. PHP was founded as a partnership in 1988 and operates from its headquarters in Otley, West Yorkshire. Its team of 12 staff, including […]


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