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Diamond launches non-standard property service for council tenants

Diamond Lifestyle, a Cambridgeshire-based sub-prime lender, has launched a new service which will help council tenants with non-standard or defective property to own their council property.

The service, which is available to intermediaries and their clients, is provided in three parts.

Once the client has been introduced to Diamond Lifestyle, they arrange a survey of the property and then a specialist building company will undertake work to bring it up to a standard where a Precast Reinforced Concrete certificate can be issued.

The cost of the building work can then be added into an exclusive mortgage facility arranged by Diamond, which allows borrowing up to 85% of the post works valuation.

Michelle Cathrine, marketing manager of Diamond Lifestyle, says: “We have launched this service because there is a huge group of council tenants renting properties which they would like to buy, but are frustrated by the problems associated with the construction.

“With our service, brokers will be able to show their clients that there is a way of becoming home owners and at the same time overcome the problems associated with the traditional problems of mortgaging a property which had been impossible to mortgage.


Scarborough’s telephony system

Scarborough has become the first organisation in Europe, the Middle-East and Africa to fully introduce a telephony system. The society has partnered with Nortel in developing and installing the ‘expert anywhere’ contact centre solution, part of its move to improve the speed and efficiency of its customer service. The system has been introduced into Scarborough’s […]

Well done Baldwin for ad in Mortgage Strategy

From Richard Griffiths Well done, Baldwin. I refer to the Home of Choice full-page advertisement in last week’s Mortgage Strategy (December 12), which referred to my second article concerning Keith Baldwin’s operation. I had wondered if there would be a response, which must have been tempting. The advertisement was a class act. Well done.

Santa baby, less paperwork please

Sue Read says she has been a good mortgage adviser in 2005 and deserves a reward. Reduced bureaucracy, a closer relationship with lenders, fewer call centres. It’s not too much to ask, is it…

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Pensions: trouble ahead?

The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath. 


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