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Hamptons backers reveal record profits

Hamptons Mortgages parent company Emaar has revealed record profits for 2006.

Emaar has recorded a record annual net profit of US$1.735bn compared to US$1.288bn at the end of 2005, a rise of 35%.

Annual revenue increased by 68% from US$2.276bn to US$3.813bn.

Jonathan Cornell, technical director at Hamptons, says: Hamptons Mortgages is now part of one of the biggest and best performing property companies in the world.

“The strength of the parent group will be a key factor in our continued growth in the future.


HBOS may launch another brand to rival DIY lenders

HBOS could launch a new brand to the mortgage market to compete against the growing number of do-it-yourself lenders that have come to market over the past 24 months. Nigel Payne, managing director of HBOS subsidiary The Mortgage Business, made the throwaway remark while talking about the flood of new DIY lenders entering the market […]

Borrowers must be responsible too

The Financial Services Authority is getting into its stride. Following a tentative start to its regulation of the mortgage market in 2004, it is beginning to flex its muscles.

Lenders’ dual pricing system will lead to loss of volume

Lenders have been accused of mistreating packagers by operating a dual pricing system for direct-to-broker and packaged products. Roger Morris, managing director of em-financial, told delegates that lenders have developed the practice of dual pricing because they don’t understand what packagers do and the value they add to the mortgage chain. Morris also suggests that […]

Money for nothing, your HIPs for free

Cost has always been a key issue with Home Information Packs. I have no doubt that if HIPs were free the attitude towards them would be dramatically different to the hostile reception they have received to date.


Employers fined £52,500 for auto-enrolment failings

By Jamie Clark, Business Development Manager The Pensions Regulator (TPR) has taken the step of naming and shaming employers that have been served County Court Judgments (CCJs) for non-payment of auto-enrolment fines. We take a look at what this means for employers, their employees and advisers Shamed into action? Sixty-four employers have been served CCJs […]


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