View more on these topics

SWB takes business inhouse

Scottish Widows Bank is to end its association with Homeloan Management.

The relationship between the two firms stretches back nearly 10 years. SWB will move its growth and transfers portfolios inhouse.

Graeme Hartop, managing director of SWB, says: “This in no way reflects dissatisfaction with HML’s service. Our strategy is to administer business inhouse when the time is right.”

Recommended

Square Mile to leave Hamptons and become Cobalt Capital AR

City broker Square Mile Mortgage Finance is to part company with principal Hamptons International Mortgages and switch its allegiance to Cobalt Capital – a move that has sent shockwaves across the London broker market. Square Mile, the reigning Mortgage Strategy Small Broker of the Year, will become an appointed representative of the new Cobalt group, […]

TMO cuts submission fees to 69

The Mortgage Operation is slashing its submission fees for all sub-prime packaged mortgage applications from 199 to 69. This offer is available for sub-prime products across TMO’s lender panel between now and the end of the year. Alex Forrester, managing director of TMO, says: “Our job is to help our clients make more money by […]

August sees remortgaging boost to lending figures

The Council of Mortgage Lenders has revealed that lending continued to strengthen over the summer. Gross mortgage lending rose by 9% to an estimated 27.5bn in August, up from 25.2bn in July. The rise is one of the highest figures on record, 4% higher than the 26.5bn of August 2004, and the highest figure since […]

73% Say lenders should relax income multiples

An overwhelming 73% of readers last week voted that with first-time buyers struggling, it is time for lenders to relax income multiples. Economist John Wriglesworth urged lenders to increase income multiples in last week’s magazine. He says in a period of strong economic growth, the risk of offering 6 x income is minimal and it […]

Auto-enrolment

Employers fined £52,500 for auto-enrolment failings

By Jamie Clark, Business Development Manager The Pensions Regulator (TPR) has taken the step of naming and shaming employers that have been served County Court Judgments (CCJs) for non-payment of auto-enrolment fines. We take a look at what this means for employers, their employees and advisers Shamed into action? Sixty-four employers have been served CCJs […]

Newsletter

News and expert analysis straight to your inbox

Sign up