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Swift staff face redundancy

Swift is in consultation with 60 staff regarding possible job losses. The specialist lender says it hopes the final number of redundancies will be fewer and it is working to restrict it to just 25. Staff affected by the consultation are from Swift’s sales, marketing and new business teams. The firm has a total headcount of almost 140 workers. John Webster, chief executive of Swift, says: “We will be offering around 20 alternative permanent positions in other areas of the business, which will hopefully reduce the overall number of staff affected.”


Running sore

Disaster also struck eConveyancer’s plucky Vanessa Blount last week.

Blackandwhite owes creditors £3.7m

Blackandwhite Group’s estimated creditor bill totals a staggering £3.7m, of which £9,454 is owed to the Financial Services Authority.

PTP volumes 136% up on March 2007

Personal Touch Packaging processed 700 mortgage applications this month – a 136% rise on its March 2007 volumes.This means PTP has processed more than 10,000 mortgages since it opened in January 2006.Rob Jupp, managing director of PTP, says: “It’s great to be able to go to market with such a positive statement in what is […]

Partnership plan could improve on MPPI, says JRF

A partnership between government, lenders and borrowers would provide a cheaper alternative to mortgage payment protection insurance, according to the Joseph Rowntree Foundation.

Lifetime Isa – how it works

According to George Osborne “people like Isas – because they’re simple”. Fiona Tait is not convinced… Contributions & bonuses What he said: “From April 2017, anyone under the age of 40 will be able to open a Lifetime Isa and save up to £4,000 each year. And for every £4 you save, the Government will […]


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