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Brightstar offers Precise-backed bridging deal

Precise Mortgages is making £5m in bridging funding available through Brightstar Financial which allows brokers to finance existing bridges.

The minimum loan is £250,000 with a minimum term of three months and rates at 1 per cent a month. All LTVs are available and free valuations are offered on properties up to £600,000.

Brightstar director of bridging & commercial Kit Thompson says: “We are delighted to be asked to help in the distribution of this important new product. Not only is it well priced but also comes as a welcome shot in the arm for brokers. The product is particularly versatile, which will be welcome news as we know brokers will have clients who will be anxious about their existing short term funding.”

Precise mortgages sales director Roger Morris says: “We always aim to provide what the market needs and Brightstar Financial is well placed to help these funds reach the market quickly and efficiently.”


Northern Rock to repay Together customers after errors

Northern Rock will be forced to pay £270m back to customers who took out its controversial Together mortgage after errors were discovered in loan documentation dating back to 2008. UK Asset Resolution, the holding company established in 2010 to bring together Government-owned Bradford & Bingley and Northern Rock Asset Management, has identified loans issued by […]

Andrew Montlake MS blog

The Time Of No Time – Mayan Prophecy And 2012

I wrote the following blog originally in January of 2009 and thought it was apt to reproduce it word for word today…don’t worry, the world is not about to end and the Mayan’s have been much misunderstood. So if you are waiting for Aliens on a mountain in France I would get some more food and booze in…

FLS to deliver boost to remortgage market in 2013

The Government’s Funding for Lending Scheme could potentially fuel a 25 per cent increase in remortgage activity next year at a time when the sector still faces substantial headwinds.

Greg Broomer 2

Survey looks at the challenges facing businesses post auto-enrolment

A survey conducted by Johnson Fleming at the Pension & Benefits Show 2014 highlighted the key challenges faced within organisations post auto-enrolment. The results showed that communicating the changes and the value of them to staff, and receiving timely data from the payroll provider proved to still be the most challenging aspects of managing an auto-enrolment scheme.


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