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Cobalt & Cavendish

Good news here in that we have finally completed the acquisition of Cavendish Mortgages.

On the mortagge side we now have 3 well-respected brands in Cobalt Capital, Square Mile and now Cavendish, who are a fine addition to the Cobalt Group.

We are delighted to have them on board and not only do we now have one of the industry legends Tim Anderson, but some cracking consultants too.

A proper press release has gone out but, hey this is a blog so I don’t need all that nonsense. Suffice to say everyone is happy and excited.

We look forward to working with them all.


Interest rate freeze will hurt borrowers

The Bank of England’s decision to freeze interest rates at 5.25% will deal another blow to borrowers, claim firms across the mortgage industry.Many brokers and estate agencies believe the Monetary Policy Committee needs to cut base rate next month to alleviate problems now affecting consumers. Jonathan Cornell, managing director at Hamptons International Mortgages, says: “With […]


New CCA tightens up secured loans

Kevin Paterson takes a weekly look at the latest developments in the market and brings you what’s hot and what’s not in the world of mortgages

Packagers call for TCF treatment from lenders

Packagers want lenders to apply the Treat- ing Customers Fairly initiative to them.The demand comes despite the Financial Services Authority emphasising that TCF is only designed to protect consumers.Nevertheless, packagers say the regime would stop lenders from failing to provide them with notice about product changes and cuts to administration fees.Vic Jannels, chairman of the […]

Amber says up to 27 jobs at risk

Amber Homeloans says up to 27 members of staff have been placed on a 30-day consultation period as a result of the firm’s withdrawl from the new lending market.


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