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Lenders continue to cut packager panels

Lenders are continuing to cut their packager panels, in a bid to control distribution.

Bristol & West Mortgage and Accord are the latest lenders to condense their packager panels, becuase of market conditions.

Mark Howell, head of marketing at Bristol & West Mortgages says it is always looking at market conditions and because of this is knocked a few packagers off its panel.

He says: “We have had a small number of packagers that we have mutually agreed to take off the panel over the past month, but we are still dealing with over 30 packagers. We have no deliberate strategy when it comes to packagers.”

Ian Smith, sales director at Accord Mortgages says it has also had to adapt to market conditions and has made cuts to its packager panel, as it no longer does the volumes of sub-prime business that it used to.


MfB expands team

Mortgage for Business expands staff at business-to-business operation.

LUXMedia directors set up specialist packager

The directors of finance marketing agency LUXMedia have joined forces to launch specialist packager White Label Money.Darryl Dhoffer and Travis Hurlock have enrolled the help of Jaxon Ste-vens, who has 10 years’ experience of specialist markets, as sales director.White Label will focus on equity re-lease, individual voluntary arrangements, bridging finance, commercial loans and secured loans.Stevens […]

Lenders urged to declare plans

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Market fears see LIBOR review brought forward

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India budget: BJP focuses on growth

By Kunal Desai, Head of Indian Equities

With markets kept open on Saturday, finance minister Arun Jaitley delivered a promising budget focused on growth and decentralisation. While many complained about a six-day working week, there was much to be pleased about and the markets rallied in the afternoon to finish in the green.


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