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But what of the costs?

From David Ginivan

The proposals contained in CP146 will have some implications for all organisations in mortgage lending, mortgage administration, advising and arranging on regulated mortgage contracts. Because we operate in a number of markets through the building society and its subsidiary companies, Platform Home Loans and Verso, this consultation paper will have different implications for us across the group. The Britannia Building Society group welcomes the FSA&#39s aims to maintain efficient, orderly and clean financial markets so consumers achieve a fairer deal. We hope that any regulation will help keep a level playing field in the marketplace, which is essential. Clearly the cost of regulation remains of concern to us and we will need to examine the benefits of the new proposals.

David Ginivan

Britannia Building Society




The Virgin One launches first &#39Mortgage Outlook Index&#39

The Virgin One account has today launched the first &#39Mortgage Outlook Index&#39 (MOI), a quarterly index that will monitor the mood of mortgage intermediaries up and down thecountry. The research was carried out by NOP in August and covers the period April to July 2002. The first index has shown mortgage intermediaries to be robust […]

Equity release market increases by a third

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Party is over for Londoners says CEBR

Londoners could face falling house prices, job losses, and non-existent bonuses, the Centre for Economics and Business Research predicts. The projected rate of GDP growth for 2002 was revised down from 1.9% in February to 1.4% in May. In the latest forecasts it is revised down further to only 0.7%. Next year will provide no […]

New sub-prime rates from Pink

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