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Salt cuts packager panel to eight

Specialist lender Salt has slashed its packager panel from 46 to just eight packagers, covering six companies.

A spokesman for the Derbyshire owned Salt brand says that it made the decision after pulling from the sub-prime market and found that it no longer had the need to deal with packagers as much as it used to.

Mortgage 2000 is one of the packagers that has been retained on its panel

Nikki Haworth, head of packaging at Mortgage 2000, says: “We’re delighted Salt continues to be a part of our packaging panel, we’ve been involved with them from the beginning of their development and have built up an excellent partnership. With highly competitive products, Salt satisfies the ever-strong demand for buy-to-let and prime self- cert.

“Our panel of 16 lenders is one of the most comprehensive available, providing brokers with the choice they so badly need right now. This, allied with fantastic service and market-leading fees, is providing crucial support to our customers at a time when they need it most.”


Barclays director to advise FSA

The Financial Services Authority has appointed Naguib Kheraj, former finance director at Barclays Group, as senior adviser to its Supervisory Enhancement Programme. The scheme will implement the recommendations of the Northern Rock inquiry that criticised the regulator’s handling of the crisis.

TFC urges brokers to capitalise on IT

TFC Homeloans has urged brokers to make the most of the information systems available to them in order to identify remortgage leads from client lists.


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