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Financial recruits club members

Mortgage network Financial is recruiting packagers and brokers to its recently created mortgage club.

Paul Platten, business development manager at Financial, says unlike some of its competitors it pays all fees direct and does not skim anything off the top of broker commissions.

The club offers conveyancing and Home Information Packs, along with bridging and commercial mortgages.

The Business Mortgage Company joined Financial last week, becoming its latest recruit.

Platten says: “I am delighted to add TBMC to Financial’s provider panel as it brings a wealth of experience in the buy-to-let and commercial mortgage markets.”

Andy Young, chief executive officer of TBMC, says: “We look forward to providing Financial members with the expertise and support they need in buy-to-let and commercial markets.”


Mortgage lending reductions

In its latest report on current credit conditions the Bank of England
have re-iterated that many lenders will continue to make further
cutbacks in their lending, both to businesses and home owners.

FSA should clamp down on product withdrawals

I probably won’t be the first or the last reader to comment on the disgraceful behaviour of First National and igroup. They have withdrawn their entire ranges with zero notice and replaced them with ‘we don’t really want the business’ deals.

HBOS and Lloyds shares on the rise

Shares in HBOS and Lloyds TSB are bouncing back from yesterday’s lows in response to rumours that the takeover has the backing of a major investor.

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Health Shield announces strong results

Health Shield, a corporate health cash plan provider, has announced that it has increased gross annual premium income to more than £25m in another year of strong organic growth.


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