Mortgage club and packager 3mc has teamed up with Promise Solutions to offer brokers access to Promise’s secured loans and point-of-sale technology.
Openwork has placed 20 staff at risk of redundancy in an attempt to reduce costs ahead of the Retail Distribution Review. A spokesman for Openwork says: “As part of ongoing efforts to reduce operating costs in preparation for the introduction of the RDR, we have regrettably had to put at risk a small number of […]
Northern Rock has launched an intermediary-exclusive two-year fixed rate deal with no product fee at 3.34% up to 70% LTV. It is also offering a three-year fixed rate with no product fee at 3.99% up to 70% LTV and a five-year deal without a product fee at 4.49% up to 70% LTV.
Housing Minister Grant Shapps has announced government plans to release enough land from Whitehall’s grip to build as many as 100,000 new homes and support as many as 25,000 jobs by 2015.
Having recently attended Mortgage Strategy’s Mortgage Summit which I found most useful, I would implore lenders to be more innovative when it comes to first-time buyers. Lenders complain that first-time buyer mortgages are a challenge and that the pricing of such deals is a reflection of market conditions. They argue that Basel funding ratios, stepping […]
As more and more employers reach their auto-enrolment staging date, thousands of HR, pensions and finance professionals have been tasked with navigating the minefield of ongoing scheme governance and auditing with little support.
News and expert analysis straight to your inboxSign up