View more on these topics

HML signs deal with Heritable Bank

Homeloan Management Limited has strengthen its savings administration activity by signing a three-year contract with Heritable Bank.

The Heritable contract marks a key development for HML, being the fruits of its merger with Savings Management Ltd, whereby the company is able to provide third party administration services for savings products in addition to its established mortgage processing business.

The account has the potential to bring in over £400m of retail deposit accounts over the three-year period, reflecting the strong growth prospects in this area. HML&#39s mortgage administration business has doubled in size in just over a year.

Heritable Bank, acquired in 2000 by Landsbanki Islands, currently operates in the property lending, fund management and private banking sectors in the UK.

Recommended

RAMP launches light adverse tracker with SPML

Packager&#39s alliance RAMP has joined with SPML to launch a light adverse tracker mortgage available from LIBOR plus 2.25%, which offers the same LIBOR plus loading for remortgage as for purchase. The product – exclusive to RAMP members – ignores CCJs if they are for £150 or less, satisfied more than a year ago, or unsatisfied […]

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, Oxfordlet.com 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 […]

What will be the impact of King&#39s warning?

Mervyn King, the governor of the Bank of England, warned last week that a sharp reverse could be on the way for house prices and that he fears a property slump. Coupled with rising interest rates, King said the instability of the housing market could pose a real threat to our economic future. So, Mortgage […]

County offers luxury golf break as incentive

County Mortgages has launched a sales incentive – a luxury golf break to the golfing capital of Europe. Eight intermediaries are set to be drawn from a hat to win a four-day break to Spain.  All they have to do is submit eight sub-prime County Home Loans; applications between  June 1 and July 31, 2004 to be entered into […]

UK policy: Kate Moss and short-termism

“Nothing tastes as good as skinny feels,” said supermodel Kate Moss, who is not often credited for her insights into policy making. Perhaps she should be. In politics, as in matters of diet, the course of action that is the best over the long term is often not the most desirable course of action in the short term. Add the instant gratification of the democratic electoral cycle and, instead of good policy making, you sometimes get the equivalent to a midnight binge in front of the fridge.

Read more


Important information

Investment risks

The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.