Swift, the Brentwood-based sub-prime lender, has joined the panel of the Regulatory Alliance of Mortgage Packagers.Swift was acquired by venture capital group Alchemy Partners in May 2004. The specialist lender operates in the first and second charge markets and recently posted a 70% increase in business in Q1 2006 compared with the same period last year. John Webster, chief executive officer of Swift, says: “RAMP is a proven professional and cooperative distribution channel. Its members have a clear understanding of the importance of working within a regulated environment and are providing thoughtful input into prospective product design.” Swift says it has a strategy of expanding its business through targeting large potential business sources backed up by recently recruited sales staff and technological developments such as automated valuations. John Rice, managing director of RAMP, adds: “Swift is a lender with an appetite to build its busi-ness and has interesting facilities for sub-prime mortgages and secured loans. “It has a deserved reputation for good service, and with the market for secured loans growing rapidly we are looking forward to working closely in launching products together.”
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One in two Britons plan to travel the world when they finish working, but research out from engage Mutual Assurance shows few pensioners ever fulfil their retirement aspirations.With the governments long-awaited white paper on pensions proposing anextension of the state retirement age, and the Britsaver scheme set toimpact on pension provision, engage Mutual Assurance compared […]
Lenders have predicted increased consolidation in the network sector and competition hots up, Speaking at the Mortgage Summit in Jerez on June 21 Charles Haresnape, managing director of mortgages at Bank of Scotland, says although networks play a vital role in the market there will be more consolidation to come and blood will be spilled. […]
Places for People, the property management and development organisation, is offering clients a range of financial products to prevent them relying on high interest doorstep lenders and help them onto the property ladder.
Speaking at the Mortgage Summit in Jerez today, Michael Lord, head of mortgage and credit unions at the Financial Services Authority, says that the FSA will be carrying out mystery shopping exercises to 70 firms, to check the advice they are giving.He says: We want to take a step back and say what is good […]
Pension specialist Fiona Tait gives an update on three big announcements from the 2016 Budget – Pensions Advice Allowance (PAA), the Lifetime ISA (LISA) and the pension dashboard. £500 Pensions Advice Allowance What’s new Under current rules it is possible to deduct an adviser charge from a defined contribution pension fund to pay for financial […]
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