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Cameron calls for lender-funded advice service

Conservative party leader David Cameron has proposed a £50m social responsibility charge be levied on lenders to subsidise a free consumer finance advice service.

He says the service is urgently required and that Labour dithering has prevented the rollout of such a service.

The Tories say they would roll-out a plan within 12 months of being elected.

Last month the Treasury announced it is in the process of instituting a consumer advice scheme and has committed £12m to establishing it.

Labour says the Treasury advice programme, also funded in part by the financial services industry, is weeks from being launched.


Persimmon halts new building

Persimmon Homes has blamed market turmoil for its decision to halt future building developments. The house builder says sales have plummeted and that it will resume building when the mortgage market returns to normal. Stuart Law, chief executive of Assetz Finance, says: “With the number of new-build properties set to decrease, we are moving away […]

TMB appoints BDM for West and South West London

TMB has appointmed Rob Field as business development manager for the West and South West London areas.Field joins TMB from Unity Homeloans, where he was head of sales. He brings to TMB a great deal of experience of the packager and broker market.The role of BDM has the responsibility to support the development of the […]

The Germans worry like it’s 1929

Kevin Paterson takes a weekly peek at the latest developments in the market and brings you what’s hot and what’s not in the world of mortgages


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