From Guy GarrardHow refreshing to read Nigel Payne’s response to Simon Mouncher’s letter in Mortgage Strategy (November 14). The Mortgage Business is “firmly behind packagers” and sees them as being “closely linked” to its growth. What a shame then that as a major UK packager all of five minutes’ drive from TMB’s Chester offices, em-financial is still awaiting a fax, an email, a phone call – even a visit from a BDM. It’s a curious world we live in where the customer still has to chase the provider. Talk is cheap, Nigel.
- Top trends
The Financial Services Authority has defended its policy to take action against firms outside the public arena in response to criticism that it isn’t tough enough on non-compliant financial promotions.
Research by Alliance & Leicester for Mortgage Strategy shows that 64% of brokers feel confident using packagers.
Specialist lenders have hit back at reports that regulation has resulted in them losing out to more traditional lenders, whether or not they offer better products.
I’m taken with time and timing this week. Portman has called time on its buy-to-let mortgage, suggesting that this market is running out of time. And NatWest, for which I have some small regard, has banned time from its branches, on the basis that it’s high time its customers stopped complaining about it.
In 2016, Cormac Weldon expects the economy in the US to favour selected smaller companies in housing, airlines and technology.
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