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SPML becomes a Lifestyle choice

Southern Pacific Mortgage Limited has joined broker packager Lifestyle Finance&#39s panel as the company&#39s preferred non-conforming lender.

To support an aggressive, targeted growth campaign throughout 2003, SPML is to provide in-house underwriters and conveyancing staff at Lifestyle&#39s Rotherham headquarters, together with marketing support. Lifestyle will generate bulk mortgage business using existing database capabilities and call centre marketing expertise.

John Prust, sales and marketing director at SPML, says: “SPML is looking for substantial sales growth in 2003, so strategic business partnerships with rapidly growing broker packagers such as Lifestyle Finance will be an important element in bringing our own growth plans to fruition.

“We expect a high standard of packaging in order to maintain overall service standards, and Lifestyle has the capability and drive to deliver what we need. I believe that Lifestyle has the potential management expertise and infreastructure to quickly become the country&#39s leading mortgage broker.”

Mike Worthington, managing director of Lifestyle Finance, says: “Our experience shows that high service standards, together with top quality mortgage offers and speed of completions, are essential to successful business growth in the non-conforming mortgage sector. SPML &#39s proven service quality, combined with our lead generation expertise, will be a winning combination for the future.”


First year success for Genesis Approved

Genesis Approved, the mortgage club of Genesis Home Loans, has reported a successful first year of operation. Frank Thurlby, head of club operations, says: “Genesis Approved has exceeded all the targets it set at the beginning of the year. Our most important objective was to grow the membership to 400, which was actually achieved in […]

CEBR sees bad year ahead for housing market

The Centre for Economics and Business Research predicts a bad year for the UK housing market in 2003 as the consumer boom fades away. The gloomy forecast is among 10 predictions the CEBR makes for the economy next year &#45 although it admits that some punts are longer shots than others. It is not all […]

CML sees buoyant lending ahead

The CML predicts buoyant mortgage lending in 2003 in its latest market briefing. A slowdown in the rate of house price inflation is widely expected. The CML says: “Most commentators agree that house price growth should moderate going into 2003, with forecasts ranging from 4% to 10%.” It adds: “With continuing strength in approvals we […]

Savills flags up dangers of MIG

Independent mortgage broker Savills Private Finance is warning would-be borrowers to be wary of lenders charging punitive Mortgage Indemnity Guarantee. While most lenders only charge MIG on loans above 90% LTV if at all, some, including Capital Homes Loans, Amber Home Loans and Lambeth Building Society, charge MIG on LTVs of 75%. Mark Harris, director […]

China: growth defence or another debt-fuelled boom?

By Douglas Turnbull, Head of Chinese Equities at Neptune Following recent stimulus efforts from Beijing, Neptune’s Douglas Turnbull examines how the government’s long-term reform agenda can be balanced with supporting growth and addressing structural challenges, and the investment opportunities arising from this.Click here to read more Important information: Investment Risks Neptune funds may have a […]


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