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Freedom Finance and Redstone Mortgages sign up with HML

Homeloan Management Limited has built upon its recent growth record by winning further new business. The two contracts are with Freedom Finance and Redstone Mortgages PLC for third party mortgage administration.

Freedom Finance has contracted HML to administer its exciting range of lending products, recently launched in the intermediary mortgage market. Freedom&#39s product range includes self-cert, buy-to-let, let-to-buy, full status and non-conforming products.

The three=year contract with Redstone is for the administration of mortgages purchased in the secondary market.


FSA issues letters to network applicants

The FSA has this week started issuing letters to applicants wishing to operate a network with a mortgage or general insurance permission – both new firms (where a minded to authorise letter is issued); and existing authorised firms (where the letter states that the FSA isminded to vary their permission). The timing of any letter […]

GMAC-RFC enhances non-conforming mortgage range

GMAC-RFC yesterday announced details of its enhanced non-conforming mortgage range. Rates start at just 5.24%, with a choice of competitive discounted and fixed rates that are available on a status or self cert basis. The range was designed after careful analysis of market data that showed that borrowers have a wide range of varying levels […]

Brokers angered by illness cover mis-selling claims

Brokers have reacted furiously to recent claims that critical illness insurance is being mis-sold. A Channel 4 investigation recently accused lenders of mis-selling the policies and came hard on the heels of a survey by the Consumers&#39 Association published in Which? magazine accusing the financial services industry of being “rife with poor advice and questionable […]

Major lenders verify Mortgage Brain data

Mortgage Brain says that its mortgage product data is now verified for accuracy by three-quarters of the lending industry in the UK, Mortgage Brain delivered its product verification system, which enables lenders to proactively verify their product information on its mortgage sourcing system, in January 2003. The firm says since its launch introducers and lenders […]

Reforming India: just the beginning

By Kunal Desai, Neptune India Fund

As global investors continue to scour emerging markets through the lens of reform potential, India shines bright. Indeed, we think it can sparkle even brighter. We anticipate India’s self-imposed 10-year ‘policy holiday’ to turn into one of the most pro-growth and pro-investment policy calendars seen in Asia in years. The Indian electorate has engineered a historic verdict. We now have the strongest Indian government since 1984, with the pro-market Bharatiya Janata Party (BJP) achieving an absolute majority for the first time in the party’s history.


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