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Mortgage debt hits 1 trillion mark

Mortgage debt has surpassed the 1 trillion mark, reveal figures from the Bank of England.

In May loans secured on properties increased by 9.3bn, meaning outstanding mortgage debt is now 1.007 trillion.

Consumer credit also increased in May by 1.2bn, bringing the amount Britons owe on credit cards or loans to 192bn.

In total, personal debt now stand at 1.199 trillion.


Brokers reconsider MPPI relationships

Huge price differentials in the mortgage payment protection Insurance market are forcing brokers to examine their third party relationships to ensure they are getting the best value for their clients, says Britishinsurance. com.

CII appoints GI business development director

The Chartered Insurance Institute has appointed Norrie Erwin as its new business development director for the general insurance sector.Currently the sales director at Capita Affinity Services, Erwin has over 30 years experience in the insurance industry and has held roles at a range of organisations including Legal & General, Norwich Union and the National Australia […]

Marketing Brief

Support is critical in the mortgage industry. Kevin Paterson’s A-Z review rates the marketing material that lenders issue to help brokers with sales and business development

Guy Garrard quits em-financial

Guy Garrard, director of business development at North West-based packager em-financial, has quit the company for personal reasons.As em-financial has grown, Garrard – who lives with his wife and children in Camberley, Surrey – has had to spend more time at em-financials Chester offices – the heart of the packager’s operations.Garrard, who resigned from his […]


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