Describing himself as a gamekeeper turned poacher – going from a corporate to an independent – Brunig says Home Information Group will offer HIPs to agents, surveyors, mortgage brokers and packagers, as well as valuation and surveying services through its surveying arm, Gateway Surveyors.Bruning will be joined by former SecureMove directors John Price and Marcus Radcliffe as well as Simon James and David Collins, directors of Mortgage Support Network, Mortgage Support Direct and Broker Support Services. SecureMove is part of the Countrywide Assured Group which also owns HIP provider Rightmove as part of a consortium along with Halifax Property Services and Connells. Since the government revealed HIPs will be mandatory from June 2007, there has been speculation the market will become dominated by one or two big players. Bruning says many independent estate agents, which make up around 70% of the market, will be reluctant to use big HIP providers such as Rightmove because of their corporate relationship with competitors. He adds: “Suspicion will drive independents away from corporate solutions. We will be a non-corporate provider using local professionals.”
Banco Halifax Hispania, the Spanish arm of Halifax plc, is celebrating its 12th anniversary of opening in Spain by launching a range of fixed rate mortgage products.The fixed rate mortgages are available for periods of between one and five years with interest rates starting at 3.41%. There is also the option of interest only repayments […]
Southern Pacific Mortgage Limited has completed a 400m securitisation of its mortgage assets, consisting of 85% first charge and 15% second charge mortgages from across its light adverse and sub-prime product ranges. The securitisation was arranged and lead-managed by Lehman Brothers, who were joined by UniCredit Banca Mobiliare as co-manager. Notes were issued in US […]
Financier Ian Andrew Leaf was jailed today for 12 and a half years at Southwark Crown Court for fraudulent trading.It follows an eight year investigation by HM Revenue & Customs.The 76m fraud centred on a company purchase scheme, which involved Leaf buying 13 UK subsidiary companies that were subject to UK tax. Once Leaf acquired […]
Ray Boulger, senior technical manager at John Charcol has welcomed some of the news form the Budget but says there is the usual missed opportunities.Boulger comments: The plight of the first-time buyer has dominated the personal finance and news pages, and indeed the mortgage industry, for some time now. A lack of first-time buyers reduces […]
On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.
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