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Promise makes 70 redundancies

Promise Finance has shed up to 70 jobs after going into administration. The Wolverhampton-based firm decided to close its business-to-client operation due to worsening market conditions but will continue to operate in the business-to-business sector.

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Gross lending by mutuals drops £1.8bn

Gross lending by building societies fell £1.808bn to £3.631bn in March 2008 compared to £5.439bn in March 2007, new figures reveal.

Building society net lending plummets by over 60%

Gross lending by building societies fell £1.808bn to £3.631bn in March 2008 compared with £5.439bn in March 2007, according to new figures from the building societies association

TFC sees nearly 3,000 applications from Gravity

Since the launch of its online mortgage decision and case processing system, Gravity, TFC has received nearly 3000 mortgage applications. TFC Homeloans, part of the Orbiter Group of companies, was the first mortgage packager to fully adopt the Gravity system at the start of September 2007. Developed by software company Oppono, Gravity is now used […]

Life cover for life

Jennifer Gilchrist Proposition Lead – Design, Royal London When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that way because before the arrival of RDR in 2013, that’s more […]

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