View more on these topics

Diamond completes AIM listing

Diamond Lifestyle has become a quoted company on the stockmarket through the Alternative Investment Market.

The specialist in the Right To Buy market is planning to expand its service in 2007 by offering intermediaries a Right To Buy fulfilment service.

Mortgage brokers will be able to refer Right To Buy clients directly to Diamond, who will then deal with the client from enquiry to completion.

Alternatively, intermediaries can make use of Diamond’s lender panel and Diamond can then package completed applications.

Alan Kempson, chief executive of Diamond Lifestyle, says: “Diamond now has the capital base to grow its operation and bring greater value to more customers.

“We are also looking at other opportunities in the mortgage market.

“Diamond is already a leader in the provision of Right To Buy advice and we have ambitious plans to expand our operation into other niche markets.

“We believe the sub-prime market offers great opportunities going forward and the enlarged group is in a great position to benefit from that growth.”


Commerical First launches quick product guide

Commercial First has launched a quick reference product guide.The guide is a summarised version of Commercial First’s product brochure, and is intended to aid intermediaries communicate product criteria more effectively.The one page guide will show the key product details from Commercial First’s occupier and investor range.Details include the types of property covered, affordability calculations, maximum […]

eConveyancer and Openwork reach £500,000 mark

eConveyancer has finalised more than £500,000 worth of referral fees with Openwork since January last year.Nigel Hoath, managing director of eConveyancer, says: “Our working relationship with Openwork has gone from strength to strength and is a clear demonstration of the way in which all parties can be winners when there is a commitment to forge […] slashes leads price is offering half-price mortgage leads until the end of February across its standard scheme.In 2005 and 2006 over 90% of registered intermediaries used the promotion, prompting to run the offer for a third year. It says people typically look to reassess their finances in the months of January and February, often with a […]

AMI concerned by FSA mortgage advice findings

The Association of Mortgage Intermediaries says it’s concerned by the Financial Services Authority’s findings on the quality of intermediaries’ mortgage advice.While the FSA gave larger networks and brokerages a thumbs up, describing them as having “robust” processes in place, smaller firms were found to have work to do to improve their advice and record keeping […]

What triggers the MPAA?

Jim Grant – Senior Product Insight & Technical Support Analyst There’s sometimes confusion around what triggers the money purchase annual allowance. Find out what does and what doesn’t trigger the MPAA. The money purchase annual allowance (MPAA) is a reduced annual allowance that can apply to contributions to defined contribution (DC) schemes. The following table […]


News and expert analysis straight to your inbox

Sign up