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Swift appoints BDM

Swift Group, the Brentwood based sub-prime specialist lender, has appointed James Briggs as business development manager for the North West.

The appointment brings Swifts sales team headcount to six and continues the strategy of strengthening the sales function which started over twelve months ago.

This has contributed to the 73% increase in Swifts new lending for the first quarter 2006 over first quarter 2005.

Briggs, who joins Swift from a major national finance broker where he worked for six years, says: Its great to be joining Swift. Im looking forward to promoting our specialist range of niche mortgage and secured loan products. What impresses me especially about Swift is their excellent service

Zena Campbell, sales manager for Swift, says: James joins us with a wealth of experience. He has managed lender-specific underwriting and processing teams and possesses a unique skill set and perspective of the intermediary market place. We are delighted to welcome him to our team.


GE revamps products to boost self-cert business

GE Money Home Lending has revised its First National product range to attract more self-cert and lower LTV business. The revamp includes the removal of self-cert loadings for first-time buyers and the introduction of light products up to 85% LTV. GE has also reduced rates on its ultra light range starting from 4.29%. Other enhancements […]

Free advice service for pensioners proposed

Financial advisers could be commissioned by the government to offer free financial advice to asset rich, cash poor pensioners following a report from a think tank. The Institute for Public Policy Research says the Pension White Paper failed to address the issue of whether pensioners should be given help when deciding whether to sell their […]

Portman denies merger reports

Portman has denied that it was 24 hours away from a 30bn merger with the Yorkshire as reported in the national press last week. Portman, which in March unveiled plans to merge with Lambeth, was rumoured to have rejected a deal with the Yorkshire because of a fallout over the product range the group would […]

A&L says rate decision was expected

Mehrdad Yousefi, head of intermediary mortgages at Alliance & Leicester says the Monetary Policy Committees decision to maintain rates at 4.5% was expected.He says: “Despite murmurings of a rise this month, it is not a surprise that the MPC has decided to maintain rates.“The committee is likely to have been split in its decision on […]


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