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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.


TFC offers First National promotion

TFC Homeloans is now offering a £99 application fee on all purchases and remortgages places with First National with a free legal service also available on remortgage deals. The offer, which will be available for a limited time only, is available to all mortgage intermediaries in England and Wales submitting First National applications to TFC […]

CML Figures

The Council of Mortgage Lenders’ gross lending figures for February, showing a decline of 7% on January to around £24bn, weren’t as bad as some had expected but are a good reflection of what’s happening in the mortgage market at present. The stories about how much more difficult it is to get a mortgage and […]

Home truths from across the Atlantic

Towards the end of play on March 14 – the day Bear Stearns’ shares tumbled by 50% – Morris Reid, erstwhile aide to former US President Bill Clinton and now a media pundit and managing director of a public affairs firm in Washington DC, dropped by for a chat.

Dunfermline appointment

Dunfermline has appointed finance director Patrick Ferguson to its board of directors.The mutual says the move recognises Ferguson’s hard work and the value he offers to the business.


Improving health and wellbeing through pensions auto-enrolment

As the auto-enrolment revolution is rolled out to companies with between 50 and 249 people, employers will be grappling with the new rules and requirements. Even though introducing the new regime can be time consuming, many employers are regarding it as an opportunity to review their benefits packages, with employee health and wellbeing regarded as a popular addition.


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