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Burns-Anderson reveals interim results

Turnover from network operations has exceeded expectations and the company continues to remain profitable during difficult times both for other networks and the industry in general.

The company, who generated its first post tax profits for six years in the year ending December 31 2003, attributes much of the strong performance this year to continued dedication to improving customer service and rationalising costs.

Peter Coleman, finance director at Burns-Anderson&#39s, says: “We are now well past the midway point of the network&#39s financial year and we have made a positive start, continuing to build on our excellent performance last year.

“We expect to continue to achieve modest profits over the remaining months of the year resulting in another good performance for the financial year as a whole. As always, the aim of the network is to attract business by continuing to offer the highest standard of service to our membership, and with this in mind it is the network&#39s aim to reinvest a substantial element of any profits generated back into the network.”


Halifax intermediaries to accept online applications only from October 1

Paul Fincham, spokesman for Halifax, says: “We are simply doing simple housekeeping before regulation. We have been online since January 2003. We do 90% of our business online, so there will literally be a handful of brokers who will not be able to access it. If someone can&#39taccess us, we will help them to get […]

SPML appoints board directors

Melanie Leask has been appointed as director of mortgage servicing, responsible for mortgage servicing, facilities, and management of SPML&#39s mortgage system. Leask joined SPML in January 1998 and was promoted to executive manager mortgage servicing in April 2001, when she also managed the relocation of SPML&#39s servicing function, customer services, collections and securities, from Kensington […]

IMF says UK could see housing market crash

The World Economic Outlook Report says it is more difficult to get on the property ladder in the UK than in other countries and states that while a slowdown in UK means house prices should remain manageable, the IMF could not rule out a collapse. UK house prices have risen faster since 1997 than in […]

Preferred updates range

Preferred Mortgages is relaunching its core range, with changes including a cut in rates by up to 0.35% and an increase in discounts by up to 0.50%. Other enhancements include a one-year discount extended until January 1 2006 on all products and a two-year discount extended until January 1 2007 on near-prime. It is also […]


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