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A&L expects to exceed forecast

Alliance & Leicester says its performance in 2005 is expected to see it finishing ahead of forecasts of 506m operating profit.

This year, A&L has continued to focus on the prime core residential mortgage market and during the first nine months of 2005 gross lending was 7bn. The lender had a market share of 3.5% with an average LTV of 60% and around 5% of new lending with an LTV over 90%. Its net mortgage lending is 3bn which represents a market share of 4%. This improves on A&L’s 2004 full year results, when net lending amounted to 2.5bn.

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Cover deal prompts network expansion

Mortgage Match plans to boost its network size from 25 to 40 in the next 12 months after signing a deal with Legal & General. The deal means Mortgage Match’s appointed representatives will be able to sell the insurer’s life and protection products. Mortgage Match was formed in August 2001 by former Future Mortgages BDM […]

BM Solutions launches self-cert range

BM Solutions today launches a range of self-cert products. The range offers a variety of deals, including competitive rates, cash backs and remortgage products. It includes a two year tracker at 5.09%, a five year tracker at 5.09% and 1,000 cashback, and a remortgage at 5.35% fixed until March 1 2007 with refunded valuation and […]

Brunig sets up HIP provider for the independent market

Peter Bruning, who resigned as chairman of SecureMove in June, has revealed to Mortgage Strategy he is launching an alternative Home Information Pack provider to cater for the independent market.

PMPA disputes member meltdown

Ian Nelson, chairman of the Professional Mortgage Packagers Alliance, has today set out to dispel rumours that the packager collective is on the verge of meltdown.

Europe: Nursery slopes

After a flat year for European equities, in which the Artemis European Growth Fund outperformed, manager Philip Wolstencroft is (cautiously) optimistic about 2016.

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