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Elephant sees record October

Elephant, the mortgage and loans packager floated last week on the Alternative Investment Market, says it will continue to exceed budget with October being a record month for turnover and profits. It says its shares have been over subscribed, with 21,666,6666 shares issued at 3p a share, and a market value of £6.3m.

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Pink adds Stroud & Swindon to lender panel

Pink Home Loans has added Stroud & Swindon and its subsidiary Stroud & Swindon Mortgage Company to its direct submission lender panel. Stroud & Swindon is an independent top 15 building society that has made both its prime building society mortgage products and its evolve range of sub-prime mortgages available to Pinks introducers. The evolve […]

Pension reform hurdles

Any plan to reform the pensions system must pass five tests that will secure its longevity and sustainability says John Hutton, secretary of state for work and pensions. Hutton says: “As my predecessors have made clear, the primary responsibility for security in old age must rest with the individual and their family. The state must […]

Callcredit updates database with latest electoral role information

Callcredit has already started updating its databases with 2005 electoral roll information and expects to have completed the process by the end of January.Initial estimates indicate about a third of UK councils appear to be embracing the standard format for submissions known as Election Markup Language introduced earlier this year by the Office of the […]

Insurance brokers may have to disclose their commission

Insurance brokers may have to disclose their commission rates to clients if plans from the Financial Services Authority are implemented. If brokers’ don’t improve their handling of conflicts of interest under the Treating Customers Fairly policy, rules will be enforced by the FSA. This threat comes in the form of a letter to insurance brokers […]

A question of service

Roy Armitage, head of credit, LendInvest Selling a loan is the part of a lender’s workload most visible to brokers and borrowers. Just as crucial – but less frequently observed – is how that lender services that loan. A commitment to quality servicing is one that’s front and centre for us at LendInvest and it’s […]

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