View more on these topics

Salt proves its value to parent

Specialist lending division Salt has revealed that it contributed over 70% of parent lender the Derbyshire’s 2bn mortgage lending in 2006.

In the Derbyshire’s 2006 results, the society reported 1.86bn in gross mortgage lending, a 33.8% increase on 2005. 1.3bn came from Salt.

The society says these results show that the core society and Salt have worked together well.

Salt also says its commercial lending arm has made a good start since it was launched last November – an area it hopes to expand in 2007.

Brian Carney, managing director of Salt and specialist lending director of the Derbyshire, says: “The outlook for specialist lending is exciting. We will continue to significantly grow assets and the profitability of the group through Salt’s retail and commercial operations.”


C&G staff are being let down by their management

Oh what a circus, oh what a show. Recent letters (Mortgage Strategy March 12 ) regarding Cheltenham & Gloucester’s service shambles only scratch the surface. You have no idea just how much of a disaster zone the company is under Lloyds TSB directors John Pain and Mike Mitchell. They have taken a once great organisation […]

Don’t dumb down mortgage exams

The most amazing thing to see in a Financial Services Authority consultation paper is an endorsement of the status quo. But that is more or less the situation with the consultation on the FSA’s Training and Competence Sourcebook. launches with PMS

Premier Mortgage Service mortgage club has agreed a distribution deal with Clegg Gifford Private Clients to release a bespoke mortgage service for individuals or businesses worth 250,000 or more.Sopisticatedmortgages,com aims to reduce the size and cost of servicing a mortgage by making the most of international tax laws, as well as fluctuating foreign exchange and […]

BUDGET 2007: Fuel duty up 2p

In today’s Budget the chancellor has announced that fuel duty is up 2p, inline with inflation.

UK policy: Kate Moss and short-termism

“Nothing tastes as good as skinny feels,” said supermodel Kate Moss, who is not often credited for her insights into policy making. Perhaps she should be. In politics, as in matters of diet, the course of action that is the best over the long term is often not the most desirable course of action in the short term. Add the instant gratification of the democratic electoral cycle and, instead of good policy making, you sometimes get the equivalent to a midnight binge in front of the fridge.

Read more

Important information

Investment risks

The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.


News and expert analysis straight to your inbox

Sign up