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Salt poised to spice up residential mortgage offerings in N Ireland

Salt, the specialist lending arm of Derbyshire Building Society, is set to launch its suite of residential mortgage products in Northern Ireland.

The lender will initially distribute its products through four packager partners – Solent Mortgage Services, Greenbank Mortgage Services, BDS Mortgage Desk and Praxis – all of which have been running packaging operations in Northern Ireland for several years.

Salt will be offering its products direct to brokers and through mortgage clubs and networks including PMS, Pink and Personal Touch.

Brian Carney, managing director of Salt, says: “The specialist lending market in Northern Ireland is not as well served as the rest of the UK and Salt will be a welcome addition for brokers specialising in the subprime and self-certification market.”


Clayton to acquire Euro Risk

Clayton Holdings is to acquire Euro Risk Management, Bristol, a credit and risk consultancy operating in the UK, Italy and Holland. Clayton is a provider of information-based analytics, consulting and outsourced services for capital markets firms, lending institutions, fixed income investors and loan servicers.The terms of the deal, which is expected to close in April, […]

US sub-prime will get worse, says CML

The US sub-prime market is likely to get worse before it gets better, says the Council of Mortgage Lenders’ chief economist Jim Cunningham.The CML supports the view of Mervyn King, governor of the Bank of England, who says that UK lenders are not seeing the same “default experience” as their US counterparts.Jim Cunningham says that […]

Average Council Tax bills to rise

The average Council Tax per dwelling for 2007/08 will be £1,101 – an increase of 4.3% from 2005/06. For London, the average Tax will be £1,258. If it were not for the precept applied in London to finance the Olympics, the average Council Tax increase would be 4.2%.

GE Life has rebranded as Tomorrow

Equity release provider GE Life has refused to confirm or deny whether its new name is Tomorrow. The lifetime mortgage provider, which was acquired by Swiss Re last October, is due to unveil its new name and rebrand on April 11. But despite its reticence to officially confirm Tomorrow as its new name, documents sent […]

Life begins at…

By Fiona Holmes, proposition communications manager Having reached a certain age (it’s the new 40 by the way), I’m having to come to terms with the fact that my peers and I aren’t as immune from illness or death as we’d like to think. That’s the problem with 30 being the new 20 and 40 […]


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