The organiser of Mortgage Business Expo Manchester has revealed the programme of seminars to be held in the Association of Mortgage Intermediaries area. Clarion Events says the seminars will include a debate on the relationship between directly authorised brokers, appointed representatives and franchise panels. Small firms’ preparations for regulatory visits will also be covered and there will be a buy-to-let masterclass. AMI director Richard Farr will host the seminars.
Abbey is applying the Bank of England’s recent 0.25% base rate cut to its SVR and base rate tracker mortgage deals.
Solent Mortgage Services has revealed that all commission fees earned by brokers are now being paid into a separate client bank account.
KGB Packaging, a member of the Regulatory Alliance of Mortgage Packagers has seen an increase of 30% in volumes of cases submitted by brokers over the last month, compared with the average for 2008 so far. The company has recruited a number of new BDMs that are now trained and out in the field, and […]
An investment expert has cast doubt on the effectiveness of the government’s plan to swap mortgage-backed securities for government-guaran- teed bonds.Steven Khan, a freelance consultant and former head of residential trading at Goldman Sachs, says the scheme, set to be launched by the Bank of England within weeks, may have unappealing terms.Khan says: “The government […]
According to the Pensions Regulator’s annual commentary and analysis report released this month, 785 potential non-compliance cases were referred for investigation, with 23 auto-enrolment compliance notices issued. And they predict that the use of their statutory powers is only going to increase.
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