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Barnetts hires MS columnist

Barnetts Solicitors has hired Julian Wells to head its brand and marketing strategy. Wells, former head of marketing at Mortgages PLC, will help to develop Barnetts’ plans to build its residential and commercial conveyancing services.

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BoE offers markets £15bn

The Bank of England has pledged £15bn to help the short-term money markets. The funds will come in three £5bn tranches, one a week until April 9.The BoE revealed the additional injections after its £11bn scheduled short-term auction was three times oversubscribed.

Brokers fail to capture TCF data

Data management firm iiCon has warned that a large number of brokers still don’t have systems capable of meeting the regulator’s Treating Customers Fairly initiative. Even brokers who submit applications online will only store 50% of their client communications, with the rest being provided verballyor in email correspondence.Ross McAdam, director of iiCon, says: “An average […]

Commercial First crunched

Commercial First Mort- gages has suspended new lending after falling victim to a banking crisis it says was un-thinkable just months ago.The firm says its attempts to find fresh funding have failed, despite it being one of the UK’s top commercial lenders.The company’s management is now in consultation with staff and is also considering avenues […]

Nationwide pulls two-year fixes and trackers

Nationwide has followed in the footsteps of Abbey and repriced its product range. The mutual has withdrawn its two-year trackers and two-year fixes and increased all fixed rates by 0.20%. It has also increased the rates of selected trackers by 0.51% and 0.57%.

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