View more on these topics

Woolwich dropped from Optoma panel

Optoma has announced that it will no longer include Woolwich on its lending panel.

Woolwich has been a prime lender with Optoma for a number of years, but the number of applications with Woolwich has reduced significantly over the last 12 months.

Optoma now has 15 leading lenders on its panel including new arrival, Swift.

David Levey, finance director of Optoma, says: We are currently undergoing a review of our lending panel and believe that with the ever improving technology based solutions in the prime sector it will become even harder for packagers to add any additional value to this sector.

This has led to our decision as we do not feel we can generate the volume of Woolwich business needed to justify the resources required to keep Woolwich as a full member of our panel.


Asia’s residential markets under perform

Asia’s residential property markets have performed poorly, a report from the Global Property Guide reveals.Matthew Montagu-Pollock, publisher of the Global Property Guide, says: “There have been few less profitable investments than Asian residential property over the past decade.“And if the present construction boom continues across Asia, the next decade isn’t going to be much fun […]

Nationwide increases SVR

Nationwide has confirmed it is increasing its base mortgage rate from December 1 by 0.25%.The BBR will increase from 6.24% to 6.49%, although the lender says it is still around 0.50% lower than the SVR of most other major high street lenders assuming that they also increase their SVRs in line with the base rate. […]


Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.


News and expert analysis straight to your inbox

Sign up