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Home credit needs more competition

The Competition Commission says lack of competition in the home credit market is the reason that consumers pay high prices for their loans.

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HML appoints managing director

HML has appointed Mark Smith as managing director. He will report to Steve Haggerty, who has been appointed chairman following his promotion to group commercial director of the Skipton.Smith has many years of experience of the financial services industry, most recently, working as chief operating officer for the Retail Banking Division of Barclays, prior to […]

Single cover platform for IFAs

Risk Placement Services has acquired the assets of rival Special Risks Bureau to create a single specialist insurance platform for IFAs.

BBB Network declared in default by FSCS

The Financial Services Compensation Scheme has declared BBB Network – formerly Berkeley Independent Advisors – in default, paving the way forconsumers to receive compensation from the scheme.Consumers can claim compensation of up to 48,000 if they have lost money as a result of negligent advice from Berkeley Independent Advisors. Loretta Minghella, chief executive at the […]

MDA signs three HIP deals

MacDonald, Dettwiler and Associates, a provider of essential information solutions, has signed three exclusive five-year contracts with Home Information Pack providers in England and Wales.After many months of evaluating potential supply partners, HIP London, House Inspect, and Survey and Valuation Company have chosen MDA as the partner who can provide the most comprehensive solution to […]

How we’re challenging challenger banks

The bridging market has enjoyed an excellent couple of years and, as a result, has seen a succession of new lenders enter the market. That competition has forced all of us to look carefully at how we price bridging loans. Over the past few months we have spent a lot of time on adjusting the […]

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