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Packager Knight Funding announces 100% business growth

Packager Knight Funding has announced 100% business growth in its latest financial year report – doubling turnover and staff numbers.

Knight Funding now employs 30 members of staff. Its growing niche and non-confirming lender panel includes TMB, Platform Home Loans and Kensington. Branded lending with GMAC-RFC enhances the facilities available on the packaging side and intermediaries can also access mainstream lenders through the Knight Funding Mortgage Club.

Frances Scanlan, chief executive of Knight Funding, says: “These are challenging times for packagers. However, there is a strong entrepreneurial spirit and determination to succeed within the packaging community. Knight Funding&#39s outstanding business growth proves that there is a great future ahead for packagers who offer brokers access to the best niche products combined with top service standards and problem solving expertise.”


Exclusive: Enterprise appoints Paradigm Consulting

Enterprise Homeloans, the exclusive non-conforming mortgage packager for Zurich, hasappointed Paradigm Consulting to manage their marketing and PR. Michael Clapper, CEO of Enterprise says: “Enterprise is entering a new phase in thedevelopment of its proposition to Zurich&#39s intermediaries and having put the internal processesin place to provide a first class service, we are now turning […]

Mortgage Sense offers £99 valuation fees on Kensington deals

Sub-prime packager Mortgage Sense has unveiled an offer of £99 valuation fees for all valuations carried out up to £100,000, and £200 for valuations between £100,000 and £250,000 on any Kensington Mortgages cases submitted for a limited period. A 1% procuration fee will be payable on all Kensington applications &#45 except Kensington&#39s very low adverse […]

TMB unveils its online system

The Mortgage Business has unveiled its online case processing service for brokers and will relaunch its entire product range next month. The HBOS subsidiary says the online system has been designed to incorporate the firm&#39s own flexible underwriting system, will be easy to use and will allow for faster mortgage decisions and quick offer turnarounds. […]

Credit card debt hits record high, Datamonitor report reveals

Credit card debt has hit a record high, a report from Datamonitor reveals. The report shows that average credit card balances outstanding per adult in the UK rose by 59%, from £719 in 1999 to £1,140 in 2003. Datamonitor argues that any sudden increases in the base rate of interest will put pressure on mortgage […]


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