View more on these topics

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.

In a statement he says: “We wish to make it clear to all PMPA stakeholders, and particularly to its lender panel, that the PMPA is not dissolving and it continues to have a strong core membership.

“Some members have recently expressed their intention to resign from the organisation, but by no means all the non-founder members.

“Almost all of the current members to whom the directors have spoken so far have no plans to leave the PMPA.

“In addition to retaining a substantial number of our existing members, we have a healthy pipeline of prospective new members, with some already approved and ready to join.

“We expect to maintain our business volumes at the very least.”

Nelson says that a new PMPA structure is already in preparation, which will create a balance in the way that member firms contribute to the organisation and benefit from it.

He adds: “The new structure is still under discussion and, once it has been agreed by the director group, it will be offered to many of the PMPAs existing 22 members, but not all.

“Any organisation that deals with the PMPA can rest assured that the group remains strong and fully functional and is looking forward to a bright future.”

Recommended

MPLC invites sourcing systems to discuss affordability calculators

Mortgages PLC is inviting mortgage sourcing systems to discuss the issues relating to the publication of affordability calculations on their systems. Peter Beaumont, sales and marketing director at MPLC, says: Since extending the availability of our affordability range in November we have seen a massive increase in the use of our calculator. It is clear […]

Brokers must have the option of buying leads

Ask the average person their views on loyalty and they’ll probably pooh-pooh the very notion. So it is with mixed feelings that I am being disloyal in some respects to my fellow columnist, Peter Mounty.

Property services network one of the UK’s fastest growing companies

National property services network, movewithus, has been recognised as one of the fastest growing companies in the UK by the annual The Sunday Times Virgin Atlantic Fast Track 100 survey.The annual league table ranks the UKs top 100 unquoted companies with the fastest-growing sales, and tracks the top performing private companies and entrepreneurs. movewithus, which […]

GMAC-RFC completes sale

GMAC-RFC has completed its seventh portfolio sale to West Bromwich Mortgage Company.

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]

Newsletter

News and expert analysis straight to your inbox

Sign up