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Sub-prime boom predicted

Moneyfacts.co.uk is predicting a blooming sub-prime market in 2007 but warns that customers need clearer classifications if they are to embrace products. The prediction, made by a panel of moneyfacts experts, forecasts more lenders entering the growing sub-prime market in 2007.

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Heritable appoints marketing director

Heritable Bank has appointed Alan Gilmour to the newly created role of marketing director.Gilmour was previously at Lloyds TSB, where he was responsible for the development and launch of the Lloyds TSB brand following the merger of TSB and Lloyds in 1999.He will be responsible for both the Icesave and Heritable Bank brands, and the […]

Don’t refer MPPI to Competition Commission, says CML

The Council of Mortgage Lenders says mortgage payment protection insurance should be excluded from the Office of Fair Trading’s referral of payment protection insurance to the Competition Commission.The CML says MPPI provides an important safety net for home-owners. With just over a million claims paid since 1998, it believes MPPI has saved many households from […]

HoC bolsters Q4 network growth

The number of AR firms in mortgage networks is growing but expansion among smaller networks is slow which might provoke a strategic rethink over time, says Richard Griffiths

Rate hike could spell disaster, warns Citizens Advice

Citizens Advice has warned the increase in interest rates to 5.25% could spell disaster for people who are already struggling to meet their mortgage repayments.Peter Tutton, policy officer with Citizens Advice, urges lenders to be sympathetic to customers who could struggle with their repayments following the rise.He says: This is another rise in a short […]

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