View more on these topics

Redundancies on the cards as xit2 closes office

Xit2 is believed to be making a number of its staff redundant following the closure of its head office in Charlbury.

The mortgage and property outsourcing specialist was acquired by Decision Insight Information Group in January 2011 and the move is believed to be a cost-cutting exercise.

Xit2 is planning to move its base from Charlbury and relocate to DIIG’s European headquarters in Kent.  

The company has refused to confirm how many of its 40 staff are facing redundancy but has confirmed that Mark Blackwell, managing director of xit2, and the senior management team will be transferring to the Kent office.

Xit2 says the move will provide its customers with enhanced support for product development and customer service.

Mark Blackwell, managing director of xit2, says: “This move ensures we are able to maximise the full benefits of the technological expertise and resources available across the Decision Insight Group, we look forward to demonstrating enhancements and innovation to existing and new clients in the months ahead.”


Nationwide changes policy on shared equity loans

Nationwide will no longer lend on an interest-only basis for shared equity mortgages as part changes to its shared equity criteria. The lender is also including 3% of the equity share loan as an outgoing in clients’ affordability calculations. It says this change has been made to ensure borrowers can afford to repay the mortgage. […]


Payment problems need timely advice

I recently returned from Hong Kong with a lucky waving cat that is apparently going to make me rich. This friendly feline is the latest offering in what is becoming a worryingly competitive challenge at BSA Towers to bring back the tackiest holiday memento. The cat sits on my desk, waving and allegedly attracting wealth, […]


This month’s decision: hold

Mortgage Strategy’s shadow Monetary Policy Committee reckons that with fears of a double dip recession, the eurozone crisis and high inflation, raising interest rates is not an option this month


News and expert analysis straight to your inbox

Sign up