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Citizen’s Advice backs Select Committee

The Citizen’s Advice Bureau has backed the Treasury Select Committee’s findings concerning the UK’s debt problems and its pledge to continue funding debt advice services.

Teresa Perchard, director of policy at Citizens Advice, says: “The Treasury Select Committee has identified the need for a long-term strategy on Financial Inclusion, which is vital if we are serious about tackling debt.

“We’re very pleased that committee chairman John McFall MP has also called for the funding for debt advice not to end in 2008. Citizens Advice is currently recruiting 370 debt advisers to help deal with the 1.4 million debt problems already received in bureau.

“We expect that figure to rise next year and would welcome an early signal from the Government that they will continue this funding beyond 2008.”


Select Partnership joins forces with DB Mortgages

The Select Partnership is launching a shared exclusive product, limited to four packagers with DB Mortgages.Select can now offer a 0.1% reduction off all DB’s two-year fixed rates across their entire range from Residential Light to Unlimited 2. Dave Gould, business development director for The Select Partnership, says: “We have worked very closely with DB […]

Call for brokers to check clients’ credit

Openwork and GMAC-RFC have called for brokers to use credit checks when searching for sub-prime products to minimise possible discrepancies when cascading takes place.Paul Shearman, mortgage proposition director at Openwork, says: “Cascading will push down a mortgage if any part of a client’s credit check is declined, and that should always be avoided in sub-prime.“Without […]

Quicker underwriting in India

Cyber Highways is launching a service offering a quicker underwriting service for lenders by sub-contracting it out to India electronically.In the UK, underwriting can be a lengthy process, taking up to three months from offer to completion.Cyber Highways is trying to cut down this time by scanning the necessary forms and sending them to Pune, […]

Cheshire launches fixed-rate bond

Cheshire has introduced an 18-month fixed rate bond at 5.18% AER for investments above 5,000 and 5.14% AER for investments between 1,000 and 4,999. With a minimum investment of 1,000 and a maximum of 2,000,000, the bond enables investors who are able to tie up their money for the 18-month period, to benefit from guaranteed […]


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