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UNIFi upgrades its loans portal

UNIFi Partners has upgraded its secured loans portal following revisions to the Consumer Credit Act.

Until April 6 the legislation only applied to loans up to a maximum of £25,000 but it now covers all secured lending.

The reformed CCA also compels lenders to provide borrowers with information about loan penalties, enforce- ments and arrears.

The revisions include adapting the portal’s tracking system to facilitate audit trails for loan applications, the inclusion of its panel members’ lending criteria and a range of forms to help brokers with applications.

Patrick Bamford, managing director of UNIFi, says: “The changes reflect the current lending landscape, amendments to the CCA and the need for quality information so members can prov- ide a comprehensive service to clients.”


Washington Mutual to get $5bn capital injection

Americas largest building society, Washington Mutual, is set to be bailed out with a much needed $5bn (2.51bn) capital injection from a consortium led by TPG, the US buyout firm, to address concerns over its balance sheet.

Bank of England base rate

In a dazzling display of dour predictability the Bank of England todaycut rates by the expected 0.25% to 5.0%.This was a good opportunity to finally take the gloves off and knock atleast a half point off the Base Rate in order to have a more substantialeffect. In reality this quarter point cut will not have […]

Lifetime trackers from Woolwich

Woolwich has unveiled a range of lifetime trackers available up to 95% LTV, plus two offset trackers available up to 90% LTV.

Johnson Fleming is a finalist at UK Pensions Awards 2016

The UK Pensions Awards shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members. This year’s awards looked at advisers and providers across 31 different categories and were rigorously judged by a panel of senior […]


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