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Only 20% save for rainy days

Over half the population of the UK experiences unforeseen financial occurrences yet Lloyds TSB says only 20% of people are able to use savings to cover these events.

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Credit card firms refuse applicants who are likely to clear debt

Credit card borrowers with flawless borrowing histories are increasingly likely to be turned down when applying for new plastic, research from Moneynet.co.uk has revealed.Mounting evidence from users of the online data analyst points to card companies giving preference to more profitable applicants who are less likely to clear their monthly balances. Analysis of the credit […]

Alexander Hall’s football triumph

Alexander Hall romped to victory in The Mortgage Works’ football tournament last week. The London-based brokerage thrashed packager Square Mile Mortgage Finance 5-1 in a replay of the final of TMW’s last football tournament which was held two years ago to coincide with Euro 2004. Ten teams took part this year including Savills Private Finance, […]

Lambeth and Portman merger confirmation hearing to be held in July

The Financial Services Authority has announced the arrangements for the hearing of the proposed transfer of the engagements of Lambeth to Portman.The confirmation hearing will be held at the Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS on Monday July 24 2006 starting at 2.00pm. The hearing will be conducted on […]

CMS joins PMPA

Creative Mortgage Solutions has become The Professional Mortgage Packagers Alliance’s latest member.Situated in Chester, CMS originates its business from directly authorised brokers locally, regionally and nationally and is on the panel of four mortgage networks: St James’s Place Partnership, Mortgage Broking Services, Burns Anderson and First 4 Brokers. With eight staff currently and 10 planned […]

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