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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 depends on when a network applied; on the issues that the application raises; the complexity of the business proposition; and the speed with which the firm can answer FSA&#39s subsequent enquiries. The FSA expects to issue a substantial number of network decisions over the next six weeks.


Abbey for Intermediaries produces pensions simplification pack for IFAs

Abbey for Intermediaries has produced a pensions simplification pack for IFAs containing support material, which they can use with their clients in the run-up to April 6 2006 (A-Day). The pack will be available from July 2 2004 and contains a guide to maximising business opportunities in the run-up to A-Day, including sample approach letters […]

Net lending up 39% at UCB Home Loans

UCB Home Loans yesterday released figures for the financial year to March 31 2004. The year-end figures reveal that net advances increased by 39% to a record £718m. Gross mortgage lending reached a record £1.9bn, up 19%, total mortgage assets were up 17% to £4.8bn and pre-tax profit, at £50.9m, remained similar to last year. […]

First Property Investor Show North hailed as success

The first ever Property Investor Show North on June 18-20 at Manchester G-MEX was attended by over 5,500 visitors from across the country. Over 135 exhibitors, from developers to mortgage companies, took part and a 30-strong team of speakers imparted their expertise in an extensive programme of seminars ranging from buying a house at auction […]

Buy-to-let incentives from Oxford firm

The serious shortage of properties in Oxford to meet demands for student accommodation in September has led to the introduction of a new incentive scheme by a provider of student accommodation, Currently buy-to-let returns in north Oxford are outperforming most other areas of the South- East. Business development manager Sally Franklin says: “We are […]


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