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MPs to probe demutualisation

The Parliamentary All-Party Group for Building Societies and Financial Mutuals is to conduct a short inquiry into the true cost of demutualisation.

The Group will hold three hearings in November, during which evidence will be taken from witnesses from within, and outside, the mutual sector to determine whether customers of demutualised companies are now paying back their windfalls in higher costs. The Group wants written evidence from interested parties.


Largest study on lender technology is complete

The 2005 Mortgage Lender Intermediary Technology Benchmark Study, carried out by Frank Eve Consulting, is now complete. The study is the largest and most detailed of its type in the industry. It offers lenders information on how to improve efficiency, increase site usage and boost their understanding of competitive positioning and market share. The study […]

Dunfermline buys portfolio

Dunfermline has added a further 56m to its mortgage book through the purchase of a portfolio of residential investment loans from Southern Pacific Mortgages Limited.

Living spaces annual review launched

Green spaces minister Baroness Andrews today launched the living spaces annual review 2004/05 that shows more than 3m has been given out to local communities in the North-West as part of the government’s living spaces scheme.The initiative has given hundreds of local people the opportunity to revitalise open spaces, with successful projects ranging from a […]

CML scotches repossessions rumour

The Council of Mortgage Lenders has branded rumours the recent rise in repossession orders has been fuelled by dodgy sub-prime and self-cert mortgages as pure speculation. One industry pundit contacted Mortgage Strategy to say that they had heard from a government source that the rise in repossession orders was “predominantly in the sub-prime market and […]

Guarantees in the retirement income market

Lorna Blyth, Royal London  Do guarantees benefit customers and, if so, when? To answer this conundrum we commissioned Millimans, a global actuarial consulting firm, to conduct an independent review of the UK retirement income market and whether guarantees really do offer customers better value for money. The brief The study was one of the most comprehensive undertaken […]


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