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MD Nationwide gets full FSA authorisation

The grant of permission under Part IV of the Financial Services and Markets Act 2000 means that MD Nationwide will be an authorised organisation from Mortgage Day, October 31. The notification follows MD Nationwide&#39s receipt of its minded to approve letter early last month.


Dave Symondson, managing director of MD Nationwide, says: “We are relieved that all our hard work on compliance has paid off. Our customers can now be assured that we will be providing them with first rate compliance support from October 31.”



Friends Mortgage World to appoint Chelsea to its mortgage panel

Details of the appointment will shortly be issued to all of FMW&#39s mortgage brokers. Trevor Galvin, mortgage proposition manager at Friends Provident, says: “This appointment adds to the quality and range of providers across our panel. It follows a comprehensive review of the panel membership with our mortgage brokers. The key to such an appointment […]

Prescott pledges housing association homes are not for sale

Prescott also promised to limit the right of council tenants to buy their homes. Speaking at a debate in sustainable communities at the party&#39s conference on Sunday, Prescott pledged that housing association homes are not for sale. He says: “The Tories talk about part ownership, but all they want to do is extend the Right […]

Landlords forecasts steady growth in buy-to-let

The typical landlord expects to grow his or her portfolio of rental properties by 6% over the next 12 months, according to Paragon Mortgages&#39 landlord survey for the third quarter of 2004. This figure, which is the same as that reported last quarter, suggests that landlords are forecasting steady, rather than explosive growth. A year […]

SPML appoints board directors

Melanie Leask has been appointed as director of mortgage servicing, responsible for mortgage servicing, facilities, and management of SPML&#39s mortgage system. Leask joined SPML in January 1998 and was promoted to executive manager mortgage servicing in April 2001, when she also managed the relocation of SPML&#39s servicing function, customer services, collections and securities, from Kensington […]

What attendees thought of the LendInvest Property Development Academy

LendInvest ran its first Property Development Academy in London last month. Attendees from all over the UK gathered to learn how to better equip themselves with the skills they need to grow their property development portfolios. Speakers from CBRE, Gleeds, Arcadis, Gowling, Residential Edge and AZ Urban Studio gave their insights into their respective fields […]


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