A source tells Mortgage Strategy TMDC has issued a writ against Bear Stearns because it has gone back on an agreement to fairly distribute profits from the wealth created by TMDC. The source adds: “Although Bear Stearns has come back with an offer of payment, TMDC does not think this is what was promised by Bear Stearns, and the offer is too low.”
As widely predicted the Bank of England today held the interest rate at 4.5%This is the fourth month in a row that the rate has remained unchanged. Rates were last cut in August, when they were reduced from 4.75% to 4.5%.
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 […]
Openwork, the 2300 strong multi-tie, has launched a new conveyancing service for its advisers in conjunction with eConveyancer. The service comprises a preferred panel of seven leading solicitor firms, including Barnetts Solicitors, Enact, Gordons Property Lawyers, MyHomeMove, The PSM LawGroup, TLT and Wilson Nesbitt Solicitors. These firms have been carefully selected to provide geographical coverage […]
Thinc Destini has attracted multi million pound investment from three major City institutions. . It approved the investment at an EGM last week, with Friends Provident and HBOS Financial Services valuing the company at 109m. In addition to this investment, Prudential has also backed the company with a multi million pound financial support package that […]
The latest figures from the Department for Work and Pensions illustrate that sickness absence is still a major cost to businesses, with an annual bill for sick pay and associated costs to employers of £9bn. This paper from Jelf Employee Benefits looks at the importance of recording sickness absence for any employee health strategy and how this can be carried out in an efficient manner to reduce absence, improve employee engagement and drive up profits.
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