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Optoma apologises to brokers

Andrew Seymour, managing director of Optoma has issued a statement apologising to brokers for any inconvenience that it may be experiencing during the current processing changes being undertaken at Optoma.

Optoma is currently outsourcing its sales and underwriting business to Huntingdon, and is preparing for the role out of its new IT platform.

Seymour, says: “We are currently undertaking an important strategic move that will benefit all of our users as we enable ourselves to deliver faster and more efficient services. Unfortunately, as with all major changes to a companies operation, there are likely to be teething problems, so we ask you to bear with us in the short term.

“I would like to personally apologise for any inconvenience that may be caused over the next week and assure you that the team are working hard to return service levels to our usual high standards as soon as possible. We really value all of our introducers and their years of loyal support and in these really tough times we are making every effort to maintain our brand values.”


Pre-tax profits up 52% at Newcastle

A surge in gross lending helped Newcastle record a 52% jump in pre-tax pro-fits for 2007.The society’s lending topped the £1bn mark last year, compared with £693m in 2006.Jonathan Westhoff, finance director at Newcastle, says: “Some 70% of our lending is against residential property, with none being self-cert or adverse. And only around 3% of […]

February house prices down 0.1%, says Halifax

Property prices fell by 0.3% in February Halifax has revealed in its latest house price index.But it says that despite the fall prices are still 0.2% higher than in Q3 2007.The average price of a UK home in February was £196,649. Martin Ellis, chief economist at Halifax, says: “While the housing market has slowed over […]

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 […]

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Financial advice can benefit customers by £40,000

New research shows those customers who receive financial advice can be better off on average by £40,000 We’ve sponsored a research project with the International Longevity Centre – UK (ILC-UK) to produce ‘The Value of Financial Advice’ report. This independent research demonstrates that customers who take financial advice can, on average, be £40,000 better off than those […]


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