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Amount of Planned Investment in Information Technology Over Next 3 Months

Edge system, the bar chart shows The Mortgage Business’s research into the expected spend on technology by packagers. During managing director of TMB, Nigel Payne’s presentation at the Summit I queried the horizontal scale of expenditure – did that start at £200 or £200,000.

The answer was £200. Network Data has just spent more than that on two anti-static mats for its server room, while our total IT expenditure exceeds £100,000 per month.

Look at the figures. Do you think the packager community is likely to develop a full-blown mortgage sourcing system to compete with Trigold? Dream on. There’s more chance of Michael Bolton being elected as the packagers’ champion, another one of the proposals raised at the Summit.

My own prediction for the future of packagers? The Packager Summit in 2008 will be as equally as buoyant as in 2007. By 2009 the cracks will be appearing around the edges and the smaller, weaker, cheaper packagers will be a rapidly dwindling breed.

Within a year or two after that, the event will be renamed the Mortgage Distributors Summit. You read it here first.


John Charcol appoints sales director

John Charcol has appointed Duncan Banks as its new sales director. Banks brings over 20 years experience in sales and business development to John Charcol, most recently with Alliance & Leicester.Banks was director of the retail network at Alliance & Leicester, accountable for all of its face-to-face customer interactions in the UK. Previous to that, […]

Rate changes for ADV range

Advantage has unveiled new rates on its ADV sub-prime range. It is offering 3.99% on one-year discounted rate mortgages and 5.94% on three-year fixed rates.

N&P launches two long term fixed rates

Norwich and Peterborough is launching two 15 and 20 year fixed rates on March 2.The 15 year fixed product has a rate of 5.48% while the 20 year has a 5.28% rate. For both products there is a maximum 90% LTV, a 399 reservation fee, free valuation and either no legal fees or a 200 […]


Swaps fell sharply on February 15 and have been edging back up, but it’s good to see a generally downward trend.

Identifying best-in-class UK stocks — Mark Martin, Neptune UK Opportunities Fund

FE Alpha Manager Mark Martin assumed management of the multi-cap UK Opportunities Fund at the beginning of February. As manager of the highly regarded UK Mid Cap Fund, Martin has begun restructuring the new portfolio to focus on our very best UK stock ideas from across the FTSE All-Share Index. In this video, update Martin addresses:

– Themes informing the UK Opportunities Fund
– The multi-cap structure of the fund
– UK equity valuations


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