View more on these topics

Eurodebt partners with Complete

Debt management company, EuroDebt Financial Services has partnered with specialist mortgage and loans packager, Complete.

The partnership between EuroDebt and Complete follows a six month pilot when a number of key Complete brokers put the EuroDebt proposition to the test with selected clients. The success of the pilot means Complete is now launching the EuroDebt service to all its brokers.

Tristan Pile, sales an marketing director of Complete, says:“We investigated a number of debt management services to enhance the diversification opportunities we can offer our introducers.”

He adds: “However, what really appealed to us about EuroDebt was its personal and ethical approach to consumers facing financial difficulties. This endorses our own philosophy to provide a personal service.

“The strength of the EuroDebt national service was also important to us, offering our brokers access to debt advisors in their local area. This combined with the company’s strong reputation and expertise in the market, sensitively handling clients facing difficult financial circumstances and simplicity of the referral process, made them an obvious choice for Complete.

Vance Parsons, director of EuroDebt, says: “We see this as a very positive move in the market as the full impact of the recession is really beginning to unfold. More and more clients who would generally be very astute with their finances are being forced into financially challenging situations where it is simply no longer possible to juggle priority debts.

‘The relationship we have developed with Complete will offer support to clients of mortgage brokers as well as tenants and letting agents to pay priority debts and be paid.”


Shadow MPC: This month’s decision: hold

Melanie Bien, Director, Savills Private Finance Decision: Hold

There’s not much room left for the Monetary Policy Committee to manoeuvre with the Bank of England base rate at 1%. Indeed, further cuts in interest rates at this stage may have an adverse impact on the economy as savings rates are already unattractively low. If they were to fall further there would be even less incentive for savers to deposit their money, restricting the cash available to banks and building societies to lend. With five rate cuts in as many months and the MPC revealing in the minutes of its last meeting that its inflation target is unlikely to be met solely by cutting the base rate, this is a good time for it to pause for thought. Hopes now rest on quantitative easing, with the Bank writing to the Treasury to ask permission to print cash to increase money supply. The MPC believes this would give it a tool to limit the downward pressure on demand resulting from the financial crisis. I vote for a hold.

Newcastle posts pre-tax loss of £35.7m

Newcastle Building Society has reported a pre-tax loss of £35.7m for 2008 against a backdrop of £43m in exposures to failed Icelandic banks.

Budget summary – March 2016

This week’s Budget looked as if it would be a difficult one for the Chancellor, with disappointing economic numbers and the need to avoid ruffling feathers ahead of June’s in/out referendum. Nevertheless, Mr Osborne did spring a few surprises, including some tax reductions. So how does this budget affect you? If you are – or […]


News and expert analysis straight to your inbox

Sign up