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3mc in secured loans tie-up with Promise

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.

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20 Jobs are on the line at Openwork

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 […]

Broker-exclusive fixes on offer at Northern Rock

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.

Here’s a way lenders could be innovative and help first-timers

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 […]

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