The Intermediary Mortgage Lenders Association has appointed Guy Batchelor, sales and marketing director of Platform, as its next chairman.From January 1 next year, Batchelor will take over the position from the IMLA’s current chairman Tim Dawson, managing director of Mortgage Express. Batchelor says: “I’m obviously pleased with the appointment and look forward to the challenges ahead. I’ve worked for some years in the intermediary market and am pleased with this opportunity to bring my skills and experience to the role.” The IMLA board is reviewing its agenda for next year but has not yet finalised its priorities. Regulation, Treating Customers Fairly and the introduction of Home Information Packs are just some of the important issues on the horizon for 2006. “The compulsory implementation of HIPs on June 1 2007 is not far away. We need to consider the impact this will have on lenders, intermediaries and distribution channels.” Dawson says: “Guy was elected to the IMLA committee last year and has served it well. He’s got a broad knowledge of the market, particularly from the intermediary’s point of view.”
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Bank of Scotland Mortgages has launched two exclusive large loan Personal Choice products with rates from 4.85% at this years Mortgage Business Expo.The first product tracks the Bank Base Rate at +0.35% and is available on up to 80% Loan To Value. There is a 5% additional drawdown option, accessed via a chequebook facility and […]
The House Price Index from September show the mix-adjusted average house price in the UK in September 2005 stood at 186,723, up slightly from 186,208 in August 2005.UK annual house price inflation in September 2005 was 3.3%, up from 2.8% in August 2005. Annual house price inflation in London was 1.9% in September 2005, up […]
The Council of Mortgage Lenders has warned that more FSA mystery shopping exercises are on the way. Speaking at the Expo, Jackie Bennett, senior policy adviser at the CML warned brokers to look critically at their business practices. The mystery shopping exercises may happen in the lifetime mortgage and home reversion plan markets, Bennett says. […]
Tory leadership contenders David Cameron and David Davis will open the CBI’s annual conference at the London Business Design Centre on November 28 and 29.The conference will also provide an opportunity for Chancellor of the Exchequer Gordon Brown to discuss his keenly awaited pre-Budget report.
After an “interesting” year, Peter Saacke separates the so-what stories (the Swiss franc, Grexit) from the ones with lasting impact on global equities.
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