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Money Partners’ direct move

Money Partners has launched its direct-to-broker brand Money Partners Touch following the acquisition of brokerage Residential 1 for an undisclosed sum.

The brand will become fully operational in December and offer non-packaging brokers, introducers and IFAs processing and packaging services, electronic decisions, online case management facilities and direct access to Money Partners’ specialist mortgage products.

There will be no change to Money Partners’ existing packaging broker operations and Residential 1’s existing employee terms and conditions are fully protected. There will be no redundancies.

The existing directors and senior management team of Residential 1 will lead the Money Partners Touch propositionThe Residential 1 brand survives as a wholly-owned secured loans broker subsidiary of Money Partners. It will operate with a separate management and staff and continue to offer secured loans from a provider panel.

Colin Sanders, chief executive officer of Money Partners, says: “This is an important move for us. The next phase in our development is to take the Money Partners proposition to the non-packaging introducer community.”

Martin Gilsenan, director of Residential 1, says: “We’re relishing the opportunity of taking the Money Partners Touch proposition to the wider broker community.

“We believe the combination of Money Partners’ technology and a valued introducer-lender relationship will resonate with brokers.”

Thomas Reeh, chief executive officer at, says: “Money Partners’ move highlights how competitive the sub-prime mortgage market has become.”


Get tougher on estate agents

The Royal Institution of Chartered Surveyors is calling for more action to regulate estate agents after the Queen’s Speech last week recommended agents join a redress scheme.The Consumers, Estate Agents and Redress Bill is a step towards increased regulation in the sector and would offer greater protection to consumers.Under the measures estate agents will be […]

Mortgage PLC launches IVA product

Mortgages PLC has launched a credit repair product specifically designed to help borrowers wanting to satisfy an existing Individual Voluntary Arrangements.The number of IVAs is on the increase in the UK, with 12,228 IVAs being registered in the third quarter of 2006. This is an increase of 117.9% on the same period last year, according […]

LSL floats on London Stock Exchange

LSL Property Services has debuted on the London Stock Exchange. In conditional dealing, the shares opened at 212p, valuing the company at £221m. Simon Embley, chief executive of LSL Property Services, says: “Becoming a listed company is an important milestone in the development of our group. The flotation will raise our corporate profile and will […]

Mortgage tracking by mobile phone

Conveyancing Mobile has lau-nched a tracking system that allows clients and conveyancers to communicate via mobile internet technology. The software integration is de-signed to allow clients of law firms to monitor the progress of their cases through their mobile phone. A text message can be sent to clients allowing them to view their conveyancing file, […]


Neptune video: Abenomics: the impetus for Japan’s fast-track recovery?

The remarkable performance of the TOPIX over the past year has caused many sceptical equity investors to look again at the Japanese market. These returns have come despite very significant problems facing the Japanese economy. Chris Taylor, manager of the Neptune Japan Opportunities Fund, discusses these problems and whether Abenomics will be able to overcome them, enabling the market to continue to rise.

In the video, Taylor addresses the following:

• The size and speed of Japan’s unprecedented monetary policy
• Abenomics and the implications should it fail
• Corporate Japan and beneficiaries of government policy


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