View more on these topics

Newcastle finds space to expand

Newcastle Building Society has acquired an additional site for its expanding solutions business.

The society, through its subsidiary, Newcastle Strategic Solutions, plans to create an additional 500 jobs in the North East region over the next five years.

The new premises at the Cobalt Business Park in North Tyneside complies with new EU environmental building regulations and features interiors finished to the highest specification.

The offices will also be fitted with state of the art information technology to support the business, staff and service levels as business volumes increase.

The society’s solutions business provides technology, processing capability and administration support services to third party savings clients such as Bradford & Bingley, Bank of Ireland and Landsbanki, as well as extending the service offering into mortgage administration and processing with its new lending client National Bank of Dubai.

Colin Greaves, managing director of Newcastle Strategic Solutions said: “Our Strategic Solutions operation is continuing to grow rapidly and Cobalt Business Park offers the best solution in terms of facilities and location to house this expansion.

He added: “The acquisition of additional premises reflects the success of the business and demonstrates our proactive approach to the future requirements of our clients.”


We should not have bailed out NR

The government’s handling of NR has not impressed anyone and perhaps it would have been better for the lender to have been left to the free market, says Sue Read

Third draft for packager code

Third draft for packager code The Association of Mortgage Intermediaries’ code of conduct for packagers is about to enter its third draft. AMI hopes it will be implemented in April.

InterBay plans to axe up to 25 jobs

InterBay is to axe up to 25 jobs despite record levels of business over the past month. The specialist commercial lender says that worsening market conditions have led to its decision. The cuts will be made across the company and all departments are expected to be hit.Staff have now entered a 30-day consultation period. Colin […]

Britons have 3.2% less disposible income, says ASDA

The average household in middle Britain had 3.2% less disposable income in January than in the same time last year. The finding comes from a new income tracker report launched by ASDA, which takes into account income, tax and basic costs like food and shelter to measure the average UK household’s disposable income.The report reveals […]

Qatar cover image - thumbnail

White paper — Qatar International Insights

Jelf Employee Benefits highlights new legislation, key requirements and policy considerations when structuring international private medical insurance (IPMI) for expatriate employees in Qatar. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Qatar.


News and expert analysis straight to your inbox

Sign up