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Cummings hails regulation of claims firms as victory for AMI

Chris Cummings has hailed the upcoming regulation of claims management firms on April 16 as a lobbying victory for the Association of Mortgage Intermediaries.

In his opening speach at the Financial Services Scotland conference, held in Glasgow today, Cummings hit out at the “ambulance chasing brigade” and praised the upcoming regulation set to hit them.

He told delegates that AMI’s sights was currently focussed on the Financial Ombudsman Service and is campaigning against the “morally wrong” case fees brokers currently have to pay, even when FOS rules in their favour.

Cummings says the aim of the trade body is that good intermediaries are never by case fees again.


January lending hit £16.6bn

The British Bankers’ Association says gross mortgage lending was £16.6bn in January, a 15% increase from January 2006.

Hipstar to deliver HIPs through LexisNexis

Hipstar has revealed it will deliver several thousand Home Information Packs a month using the VisualHip platform from LexisNexis Visualfiles. Hipstar and LexisNexis Visualfiles have been working together for the last eight months to tailor a solution that integrates with Hipstar’s web-based ordering system in order to do this.Mark Higgins, IT director at Hipstar, says: […]

MPs in call for green deals

A group of MPs have put down an early day motion calling on mortgage lenders to go green and offer environmental mortgages.

Champion the small-scale developer

Traditional development finance must price in project and liquidity risk, but if your project is completed and you have begun selling units you could be eligible for cheaper funding, writes Matthew Tooth of Lendinvest. A product which prices purely for liquidity risk is one way to help developers lower their costs. This type of product allows […]


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