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Debt a success for LeadPoint

LeadPoint has revealed that since launching into the debt market in January this year it’s now trading 200 debt leads every day.

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Nationwide cuts packager panel for specialist brands

Nationwide has cut its packager panel for The Mortgage Works and UCB Home Loans, down from 50 to 20 firms.Paul Howard, director of sales for Nationwide specialist lending, which comprises TMW and UCB Home Loans says that with less business being done in the sub-prime sector it was an unavoidable decision.He says: “We have trimmed […]

Showing the value of home reversions

An important requirement of the Financial Services Authority’s MCOB rules is that brokers should consider with their clients the effects releasing equity may have on their estates when they die.

Elephant Loans & Mortgages becomes part of FT Partners

Elephant Loans & Mortgages has decided that all its regulated mortgage activity will be operated by its group company, Elephant Loans Direct and that Elephant Loans will join the FT Partners network. Elephant Loans Direct will become an Appointed Representative for FTP’s subsidiary, FT Compliance Services Limited. Robert Kellly, has also resigned from the board […]

Mortgage Products Shrink

We all know that we are sailing through choppy waters at the moment, but it really hits home when you look at the actual reduction in the number of mortgage products available at the moment.The BBC has reported that mortgage deals have fallen by around two-thirds since July 2007. According to Moneyfacts the figure has […]

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