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Worrying imbalances in British economy warns Lib Dem

The Liberal Democrats warn that GDP data of this year&#39s third quarter reveals worrying imbalances in the British economy.

Vince Cable MP, Liberal Democrat Shadow Chancellor, says that while overall growth is reassuring, business investment fell in the third quarter.

He says: “Low business investment inevitably means low competitiveness. Manufacturers can hardly be expected to invest in their future when they are struggling to survive the present.

“Exports continue to perform poorly and the economy is being sustained by consumer borrowing, some secured against house prices and some not secured at all.

“The Chancellor needs to set out what the Government thinks is a sustainable level of personal debt rather than let hundreds of thousands of families drift into being dangerously overextended.”


First Mortgage sets up Edinburgh office

First Mortgage Options has opened offices in Edinburgh as part of its plan to offer products and services to intermediaries throughout the UK. FMO Scotland has been established to offer a dedicated service to brokers in Scotland. The lending panel will include both specialist and mainstream lenders, with secured loans and commercial lending facilities also […]

Processing costs could be cut by £81m a year

The overall cost of mortgage application processing across the industry could be reduced by £81m a year, latest research from Marlborough Stirling reveals. The study has identified an average benchmark figure for application processing of £116 per case. Marlborough Stirling says lenders could reduce this by around 28% to £84. That would result in an […]

Standard Life Bank says buy nothing and pay off mortgage

Standard Life Bank is encouraging borrowers to use national &#39Buy Nothing Day&#39 this Saturday, to help pay off their mortgage more quickly. The lender advises that by going without some everyday indulgences such as coffee, snacks or magazines, borrowers could save thousands of pounds and make significant overpayments to their mortgage. David Macmillan, director of […]

The Mortgage Partners defends its choice of name

The Mortgage Partners has defended its choice of name following objections from The Mortgage Partnership. In a letter to Mortgage Strategy, a representative of The Mortgage Partnership insisted that the company had “no connection with another company of a similar name offering what purports to be a similar service.” In response Kevin Paterson, managing director […]


Trust me, I’m a provider

By Craig Paterson, Underwriting and Claims Philosophy Manager, Royal London Hard-hitting headlines “Dying mother of two is refused life insurance payout.”1 “What a way to treat a dying man: Grandfather refused life insurance claim.”2 “A widow betrayed by a life insurance company.”3 With headlines like these, it’s no wonder some consumers don’t trust providers. Trust […]


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