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PTP extends lifeline to TMO-affected brokers

Personal Touch Packaging has held out a lifeline to brokers affected by The Mortgage Operation being placed into administration.

PTP says brokers with cases that have not completed can call a team of new business specialists on a dedicated number – 0845 620 9690.

Rob Jupp, managing director of PTP, says: “Unfortunately, we have some pedigree in extending this service, having offered this for TMO’s parent company Victoria Mortgages when the same thing happened to it at the start of the credit crunch in August.

“As long as we have client and lender consent, we can usually switch cases over without much hassle and often at no cost, thus protecting brokers’ proc fees at this difficult time.”


A&L to cut SVR by 0.25%

In line with the Bank of England’s recent interest rate cute Alliance & Leicester will be reducing the SVR on its mortgages by 0.25%.

PMS Q1 completions down 20%

Mortgage Strategy can today unveil the full extent of the credit crunch with news that completions at Premier Mortgage Service plun-ged 20% in Q1 compared with the same period last year.

Fitch says UK banking system “very strong’

Fitch Ratings has called the UK banking system “very strong” in its most recent Bank Systemic Risk report.The report, issued today, says the Northern Rock episode was an isolated event and that the system retains its “very strong” rating because no other large bank in the UK has had its individual rating downgraded.Fitch does suggest, […]


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