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LMC appoints Opus as only Scottish packager

The London Mortgage Company has appointed Opus Mortgages as its only Scotland-based packager, in a move to expand its lending in Scotland.

Commenting on the appointment, Mark Wilson, director of sales at LMC, says: “The decision to extend LMC’s product range to mainland Scotland meant it was important for us to have secured a trading relationship with Opus, one of Scotland’s largest packagers.

“Opus shares LMC’s commitment to service and we are delighted to have joined its lender panel.”

Lockhart Bruce, managing director of Opus, says: “We are pleased to say we are the only Scotland-based packager to have secured a packaging agreement with LMC.

“We intend to launch a run of intermediary seminars in the early part of next year to promote the LMC product range.”


TMB improves service standards

The Mortgage Business says it has made significant improvements to its service standards. TMB will now operate extended opening hours from 8am until 6pm Monday to Friday, fax options available for urgent Direct Debit instructions and declarations (on 01244 693 581) and streamlined telephone systems have been put in place to help brokers and packagers […]

Newcastle achieves FAST software award

Newcastle has become one of six financial services firms to achieve the platinum award of the FAST Standard for Software, ensuring the organisation is in control of its IT assets and legally compliant.Regular software audits ensure Newcastle has no illegal software on its PCs, and IT compliance demonstrates the organisation’s commitment to high standards. Newcastle […]

Financier jailed for 12 and a half years for fraud

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 […]

OFT to conduct study into PPI

The Office of Fair Trading is to carry out a market study to look in depth at the payment protection insurance sector. The market study, which is the outcome of the OFT’s consideration of a super-complaint from Citizens Advice, will be launched early in 2006.PPI is applied to a number of credit products, including mortgages, […]


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