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Roger Morris

The sub-prime market still has potential for growth

There has been a great deal of speculation about whether the sub-prime marketplace has become too crowded and, consequently, whether there is enough business available to ensure all players get a decent return on their investment.

Has the market seen the last of the new entrants? No, not yet. I believe that September will see a number of significant new lenders come into the industry. We all know that John Prust and the old Southern Pacific Mortgages Limited team will re-emerge with a new lender backed, we believe, by Abbey and possibly Merrill Lynch. There have also been rumours that a number of building societies are looking into setting up their own sub-prime lenders. There are still opportunities within the sub-prime market.


MT says Century 21 deal has gone down well

The Mortgage Times Group says the exclusive alliance it formed with Century 21 has received a massive response from members looking to extend their business with estate agency franchising.The alliance, formed late in April, enables members of Mortgage Times to either be placed into a Century 21 office, or have business introduced by an estate […]

Advantage appointed to L&G mortgage club

Advantage has been appointed to the Legal & General mortgage club. It is offering a £20 Marks & Spencer voucher to all members who register to use the Advantage online sourcing system during July.The full range of Advantage products for the sub-prime and prime sectors will be available through L&G mortgage club. Pete Bass, sales […]

HBOS chairman reappointed

HBOS chairman Dennis Stevenson will be reappointed for a further three years when his current term comes to an end in June 2008.The lending giant made the annoucement on the London Stock Exchange earlier today. Sir Ron Garrick, deputy chairman and chairman of the nominations committee, says: “We are very pleased that Dennis has accepted […]

Money Partners appoints regional account manager

Money Partners has appointed Brian Ferguson to the new position of regional account manager for Scotland.Ferguson takes responsibility for developing intermediary relationships and for promoting products across the rangeFerguson will report to Martin Gilsenan, director of mortgage sales.He joins having spent the previous seven years with Standard Life bank in a range of roles including […]

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Pension freedom: wish you were here?

Out there lies a warm ocean of desert islands, sun, sand and palm trees, where individuals can choose how and when to tax-efficiently access their pension fund and realise the retirement dreams they have worked so hard for.


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