View more on these topics

OFT publishes guide on legislation

A new guide to help businesses understand consumer and competition legislation has been published by the OFT.

The guide, Running a Business, outlines the legislation under which the OFT has powers and responsibilities. It summarises laws that apply to all businesses from large companies to sole traders covering issues such as:

• Anti-competitive agreements

• Abuse of a dominant position

• Mergers

• Consumer credit

• Unfair contract terms

• Misleading advertising

Other sections of the guide cover legislation that deals with specific activities or sectors of the marketplace.

Recommended

Genesis polishes up Gemstones range

The Gemstones sub-prime range from correspondent lender Genesis Home Loans has been revamped for the new year. Changes have been made across the range, with improvements to the loadings above SVR, increases in the level of CCJs and arrears, and shortened timescales in which these are allowed by the lender. In addition, the discount rate […]

FSA unveils draft rules on depolarisation

The Financial Services Authority yesterday published Consultation Paper 166 setting out the detail of how it proposes to abolish the polarisation regime for those advising on packaged product business. The FSA board&#39s decision to abolish polarisation was announced on November 21 2002 following lengthy consultation. David Severn, head of retail projects at the FSA, says: […]

BMS is first sub-prime lender to join ZAN panel

BM Solutions has joined ZAN Mortgage Solutions, the Zurich Advice Network mortgage panel, writes Helen McCormick. ZAN is one of the UK&#39s three largest mortgage clubs, along with Prudential&#39s Premier Mortgage Services and Legal & General&#39s mortgage club. BM Solutions is the 16th addition to the Swindon-based panel and the only sub-prime lender. ZAN mortgage […]

Lifestyle Finance commits £10 per completion to children&#39s charity

Rotherham-based sub-prime mortgage broker/packager Lifestyle Finance has committed to donate £10 for every mortgage it completes in 2003 to the South Yorkshire children&#39s charity, Help a Hallam Child, run by Hallam FM Radio. The appeal helps local children and also contributes to national children&#39s charities. The total value of the Lifestyle Finance contribution is estimated […]

A question of service

Roy Armitage, head of credit, LendInvest Selling a loan is the part of a lender’s workload most visible to brokers and borrowers. Just as crucial – but less frequently observed – is how that lender services that loan. A commitment to quality servicing is one that’s front and centre for us at LendInvest and it’s […]

Newsletter

News and expert analysis straight to your inbox

Sign up