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MPLC complete 575m securitisation

Mortgages PLC has completed its latest securitisation deal for a total of 575m.

Newgate 2007-1 is Mortgages PLCs 11th securitisation deal, and comprises predominantly AAA rated mortgage assets. To date Mortgages PLC has securitised more than 4.8bn of mortgages.

Tim Cooley, chief financial officer of Mortgages PLC, says: This is another successful securitisation for Mortgages PLC and were particularly pleased with the pricing Merrill Lynch has been able to achieve on this deal on our behalf.

Securitisation is vital to the success of our business and since being acquired by Merrill Lynch in 2004, we have been able to drive increased value from these transactions. This helps us to keep our products and pricing at the sharp end of what is a very competitive sector of the mortgage market.


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Gordon Brown’s Budget proposals to exempt all new zero carbon homes up to £500,000 from Stamp Duty will have little impact on the cost of moving home, says e.surv chartered surveyors.Richard Sexton, business development director at e.surv chartered surveyors, says: “This is a welcome initiative but in reality will capture very few homes today. “It […]

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Lead generation is probably the greatest challenge facing advisers who want to be involved in the equity release sector.

Jelf flexible benefits

In Focus: How to choose a flexible benefits provider — seven top tips

Jelf Employee Benefits looks at some of the key considerations employers should think about when reviewing and choosing a flexible benefits provider. Choosing the right benefits for your employees is one thing but delivering a successful employee benefits strategy is about understanding the complete picture and delivering it in a personalised way so that it resonates with each and every individual in your business. 


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