Mortgages PLC has increased staff numbers by over 33% over the past six months to cope with an increase in business this year.The lender says it is on course to complete total sub-prime lending volumes in excess of 1.5bn by the end of 2005. Since January, MPLC has hired more than 50 staff and has now recruited up to a level sufficient to cope with anticipated growth. Peter Beaumont, sales and marketing director at MPLC, claims: “Our business volumes have increased spectacularly in a year when overall lending volumes are down. “We are hitting targets today that we were not due to reach until 2007. This growth has brought some challenges but we have significantly invested in our infrastructure to ensure we can cope with our current and future volumes.” MPLC launched a new product range last week with no higher lending charges.
The outlook for struggling first-time buyers is bright as long as lenders support government initiatives and continue to modify their own policies and criteria, says James Taylor
National Australia Bank is predicting that the Bank of England’s Monetary Policy Committee will opt to ‘wait and see’ when it comes to September’s base rate decision. The bank cites the devastation caused by Hurricane Katrina in New Orleans as a factor that will push up oil prices and says this will be one reason […]
Alan is a taxi driver in Birmingham earning 30,000 a year. He has a mortgage of 91,500 on his flat now valued at 130,000. He has a secured loan of 14,500 plus 7,000 credit card debts and one County Court judgement for 450. He lost his driving licence for six months and missed payments on […]
Mortgage Trust, the specialist buy-to-let lender, has launched an exceptional range of products under its MT Select brand. Available exclusively through MT Select packager members, these new products not only boast extremely competitive rates but also assess rental income on 125% of the product rate, providing buy-to-let investors with the option for optimal gearing. The […]
Jelf Employee Benefits closely examines healthcare provision and challenges within Nigeria. This will be of particular interest to HR decision makers with employees based in Nigeria, and assesses the environment, risks, facilities and safeguards that are relevant to organisations that are actively deploying expatriate staff in this location.
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