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GEMHL deserves credit for filling a gap in the market

In response to the story headlined ’GEMHL expands range to help borrowers with limited options’ (Mortgage Strategy Online), it’s taken a vast amount of work by the GEMHL team to get to where it is now and the market needs to give it some credit, rather than being negative.

These products fill a gap in the market and at some good rates. Let’s be thankful it wants to lend and hope that other lenders follow suit.

There are a lot of clients who need this type of assistance and right now there are not many lenders willing to assist. So this is a great step forward.



Xit2 refocusses on three core areas

Xit2 has refocussed its mortgage outsourcing business around the three core areas of asset, valuation and conveyancing management. The firm, which provides out-sourcing and lender support services, says the restructure will give lenders more oversight of third parties and provide better management information. Mark Blackwell, managing direc-tor of Xit2, says: “We spent some time looking […]

Poor performance by services sector hampers recovery

The pace of economic recovery has slowed with gross domestic product rising by 0.2% between January and March. This is the first estimate for Q1 GDP growth from the Office for National Statistics and reflects slower economic growth compared with a rise of 0.4% in Q4 2009. The ONS says the weaker growth was driven […]


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