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DB boosts its sub-prime criteria

DB Mortgages has stepped up its presence in the sub-prime specialist market with several improvements to its lending criteria.

The changes follow an internal review and feedback from packagers.

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KGB adds to its broker base

KGB Packaging has announced outstanding success at Mortgage Business Expo with the addition of more than 250 broker firms to its existing registered broker base.Managing director, Rachel Bancroft, says: “Every new KGB registered broker will be getting a visit from myself or co-director, Magnus Duke, and one of our BDMs over the coming weeks and […]

Desktop sourcing will be history within three years

From Richard Griffiths The press coverage of Network Data’s possible sale of its mortgageLink sourcing system (Mortgage Strategy November 6) included a comment from a sourcing system source who said: “Why would anyone want to buy mortgageLink? The sourcing system market is pretty much sewn up”. It is rather gratifying when a competitor cannot see […]

IVA specialists are set to ride the debt spiral

Government figures reveal the shocking truth. Over 26,000 people became insolvent during the second quarter of 2006 – an increase of 66.3% over last year. Extrapolate these figures and insolvencies could exceed 100,000 this year and sail past 150,000 by the end of 2007.

Principality now live on MTE

Principality has become the latest lender to go live on the Mortgage Trading Exchange.Electronic forms for KFIs, AIPs and full mortgage applications have now been created.Mortgage Trading Exchange covers 27 lenders and packagers, and its availability to all mortgage intermediaries who are currently using the platform.Mick McGuire, director of business development at Principality, says: “We […]

How to use wills to protect your clients’ wishes

By Ross Jackson, senior protection marketing manager March is Free Wills Month! Free Wills Month brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple wills written or updated free of charge by using participating solicitors in selected locations around England and Wales. Research […]

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