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Barclays raises LTV by 5% on Great Escape

Barclays has increased the LTV on its Great Escape remortgage package from 70% to 75%.

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JOHN HERON: LACK OF FUNDS IN THE SECTOR

Paragon Group cuts its defaulting loans by 40% as arrears improve

Paragon Group has cut the amount it sets aside for defaulting loans by more than 40% as it sees improving arrears rates. In its results for the year ending September 30 2010, Paragon Group – parent of Paragon Mortgages – last week revealed it has reduced its charge for impairment provisions to £39.2m, which is […]

Steve Haggerty blames exit from Northern Rock on strategy clash

Steve Haggerty, former commercial director of Northern Rock Asset Management, has revealed his reasons for leaving the firm after just a few months. Haggerty joined NRAM in February but left in July because of what he says were fundamental differences over the strategic direc-tion of the business. Haggerty was working at Crown Westfalen Bank, parent […]

Omni Capital is an early entrant into high-value bridging market

New short-term lender Omni Capital will be the first of a number of serious players in the high-value property market, says Affirmative Finance. CPC Group, the property development business owned by Christian Candy, has joined forces with Mortgage Centre IFA, to launch bridging lender Omni Capital. Omni Capital will offer short-term loans to individuals and […]

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