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Conflicting confidence data

Differences have emerged between Financial Services Authority data and independent research into consumer confidence following the Northern Rock fiasco. YouGov recently carried out a poll of NR savers as part of the only consultation with customers since the run on the bank. It asked them how confident they are that financial firms have adequately qualified staff and enough money. It found only 2% of customers are confident all financial firms meet these standards compared with 12% according to FSA research carried out in July.

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BM to offer exclusive packager range

Nigel Payne, managing director of BM Solutions is set to reclaim his title as “friend to the packager,” by boosting proc fees and launching an exclusive product range for packagers. Some packagers feared morphing The Mortgage Business brand into the BM one would spell the end for packager friendly products. Products such as TMB’s House […]

Pink offers proc fee incentive

Appointed representatives and directly authorised members of Pink Home Loans will be paid an extra 75 on selected product transfers.Halifax Intermediaries is also offering a 100 proc fee bonus to DA brokers who submit new, home mover and remortgage business via Pink Home Loans Mortgage Club or Club VIP. The deal is available on ranges […]

Stamp Duty change will only push down property prices

The mortgage rescue plan is too little too late. What about consumers who will be anxious to buy below the new Stamp Duty threshold? The change means more sellers will be forced to reduce their asking prices.

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