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HML is awarded above average rating

Homeloan Management Limited has been awarded an ‘above average’ residential mortgage servicer rating by Standard & Poor’s Ratings Services, with a ‘positive’ outlook for the future.

In its report, S&P’s analysts Marie-Noelle Brisson and Beverley Dunne concluded that ‘HML has the resources in terms of people, systems and premises to enable it to manage its growth targets, without compromising service’.

Paul Fenn, development director of HML, says: “Following an in-depth, objective analysis of all aspects of our business, Standard & Poor’s has given HML a resoundingly positive endorsement.

“This is a great compliment to the whole of our team, and provides further independent evidence that HML’s staff, procedures, and infrastructure are second to none.

“It also demonstrates that we are well placed to handle the ambitious expansion that we are planning over the next three to five years, as more lenders look to outsource key servicing functions, which in turn allows greater flexibility than handling them in-house.”


Brown appoints Darling as chancellor

Gordon Brown has appointed Alistair Darling as chancellor. Although the government has refused to confirm appointments, the BBC website has reported that Darling has been offered the Browns former role. Darling will relinquish his current role as secretary for trade and industry, a position he was only appointed to in May last year, to john […]

MPC member hints at interest rate rise

John Gieve, the deputy governor of the Bank of England, has hinted that he will vote for a base rate rise next week in order to bring inflation back into target. In a speech to the University of Surrey, Guildford, the Monetary Policy Committee member said the full impact of past increases in interest rates […]

Loanoptions wins emerging business award, the Wilmslow- based secured loans business, has won the Emerging Business Award at Ernst & Young’s Northern Region Entrepreneur of the Year awards. The awards were held on June 18 at the Hilton Hotel in Manchester. is owned and run by Andrew Moody, who set up the business three years ago. It has […]

LIBOR hits profits at Northern Rock

Northern Rock has revealed lower than predicted profits for 2006 as a result of sky-high LIBOR rates.Last week, the lender released a statement admitting its full-year profit figures for 2006 will show a rise of just 15%, undershooting analysts’ forecasts of 17%.As a result, Standard & Poor’s has revised its outlook for NR from stable […]


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