View more on these topics

SPML hits £100m of completions in October

At the end of October, Southern Pacific Mortgage Limited (SPML) achieved £107m in a single month for the first time.

This figure sees SPML on target to reach a 12 month total of £1bn of completions by year end.

John Prust, sales and marketing director, says: “This magnificent achievement would not have been possible without the hard work and dedication of both the whole SPML workforce, and of our packager partners. There is no doubt that the non-conforming/ sub-prime mortgage market is still expanding, as more and more borrowers who have been declined a loan at high-street rates are coming to realise that there are many competitive mortgage products in the market designed with them in mind.

“At SPML we have built our success on striving to give the best service in the market place – and this consistently high-quality service delivery has paid off in terms of increased sales and market share. We are in an ongoing dialogue with our packagers, and they continually re-affirm that fast service is their number one priority.”


MP set to fight landlords&#39 corner

Plans for the licensing of private rented accommodation have been revived by the government with lobbyists pushing for the licensing of houses of multiple occupancy (HMOs) in the next Parliament.Speaking at the October meeting of the Small Landlords Association, lobbyist Ron Bailey reaffirmed several MP&#39s intention to pass a bill that could see local authority […]

Housebuilding figures for September 2002

In September 2002, it is estimated that 16,900 dwellings were started in Great Britain compared with 15,400 in September 2001. Completions of dwellings were estimated at 14,500 in September 2002 compared with 13,300 in September of the previous year. In the latest three months 49,300 dwellings were started, up 5% on the same three months […]

BMS reports 500% surge in sub-prime deals

Birmingham Midshires Solutions has recorded a massive 500% increase in sub-prime business volumes over the last four months.Michael Bolton, director of mortgages at BMS, says the increase shows the decision to focus more on direct business – and limit packager business to 14 &#39approved&#39 providers – is working.He told Mortgage Strategy: “Our current campaign is […]

Doshpoint develops IFA network

Internet entrepreneur John Whitney is seeking IFAs with mortgage expertise to join a national network of advisers he is developing for Doshpoint, his latest internet venture providing expert mortgage advice to consumers. Witney, co-founder of, is aiming to remove the headache for homebuyers searching through the thousands of mortgage products currently available. David Reaney, […]


News and expert analysis straight to your inbox

Sign up