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Misys considers buyout proposal

Misys has received a request from “certain members” of its senior management team to explore the possibility of making an offer for the business. An independent committee of the board has been established to consider the request.

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Open source

Mortgage 2000 is opening its sub-prime sourcing wizard to the whole market.

Basle II rule could raise equity rates by 0.75%

Equity release rates could rocket by as much as 0.75% if Financial Services Authority capital requirements go through, industry sources have warned. On the back of the Europe-wide implementation of the Basle II capital adequacy requirements, the issue concerns the classification of lifetime mortgages as investment assets rather than residential mortgages. Equity release providers had […]

Independence still key to societies, says Stafford Railway

Despite a recent flurry of building society mergers, independence is key to the future, says Stafford Railway. Mike Heenan, chief executive at Stafford Railway, says: “We have already seen agreement for three mergers this year, with some deals seeing larger societies swallowing up smaller players. “With speculation of rising costs and shrinking margins, industry commentators […]

JEREZ 2006: HBOS tackled over dual pricing

Brokers have tackled HBOS over its dual pricing strategy on proc fees. Speaking at the Mortgage Summit in Jerez June 21, Kevin Paterson, sales director at Park Row, called for compulsory and unified proc fees across the introducer market because there is a consistent battle over dual pricing among brokers. Tom Cleary, director of Mortgage […]

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In Focus — February 2015

Jelf Employee Benefits looks at the issue of paying anaesthetist fees when the patient had no chance to discuss or agree to them prior to care; and provides recommendations for avoiding this scenario.

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