The Professional Mortgage Packagers Alliance has avoided criminal charges and a hefty fine after failing to file its annual return.This was due on September 15 after which it had 28 days (until October 13) to file it. Failing to file an annual return is a criminal offence and leaves companies at risk of prosecution and a fine of up to 5,000. The PMPA says the problem arose after paperwork was sent to its old registered address rather than its new location. Ian Nelson, chief executive of the PMPA, says: “We are working with Companies House to rectify the position and the necessary paperwork is already in transit. Companies House is happy with this position.”
Mortgage Excellence has announced its merger with De Wood Mortgages. De Wood Mortgages has moved its business into the Mortgage Excellence offices in Stanmore and has been integrated into the infrastructure.The venture will take advantage of affinity opportunities opening up within the mortgage industry.Andy Cattell, head of operations at Mortgage Excellence, says: Traditional ways of […]
Roy Leighton has taken over as chairman of the Financial Services Practitioner Panel. He succeeds Jonathan Bloomer, who assumes the role of deputy chairman for one year. Leighton is chairman of Nymex Europe. The Panel is a statutory body that represents the spectrum of regulated firms and the interests of practitioners.
A survey has reveal a widespread lack of knowledge amongst estate agents about the governments Homebuy scheme, designed to get first-time buyers onto the property ladder by purchasing a home on the open market in certain areas for 75% of the asking price.While many of the estate agents questioned were aware of shared ownership, over […]
John Charcol has launched a three-year tracker offset at Bank of England base rate plus 0.19% and an APR of 5.6%.Ray Boulger, senior technical manager at John Charcol, says: “The concept of offsetting is brilliant but until now has always come at too high a price to be good value for most borrowers. This mortgage […]
The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.
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