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Bankhall workshops on fee switch

Bankhall is holding three workshops with consultancy FP Advance for its members looking at how to move to a fee business.

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Pru is set to take stake as Assureweb gets 7.5m injection

Prudential is poised to become the sixth product provider to take a stake in Assureweb by funding part of a 7.5m cash injection into the business, Money Marketing understands.The deal, which is still being finalised, is expected to go through in the next two weeks.It is not clear what size stake Pru will be taking […]

Moving story

It seems that Aegon Scottish Equitable cares so much about its customers it even takes an interest in their bowel movements.A mischievous IFA forwarded the following letter to MM.“Thanks you for your recent phone call. I write to confirm that Mrs X has now been transferred to the correct agency. Please accept my sincere apology […]

Kensington lays down specialist prime gauntlet

Kensington has made its full launch into the specialist prime market.The lender has been piloting prime self-cert and buy-to-let over the past six months but has unleashed them onto the market from today.Kensington’s message to brokers is that it can now provide any mortgage other than mainstream prime.Its self-cert deals start at 5.45 per cent […]

Rate rises hit buy to let as arrears increase

The Council of Mortgage Lenders has revealed that figures for buy-to-let arrears are increasing amid concerns the sector may suffer a rise in repossessions.The CML will reveal its finalised statistics on buy-tolet arrears and repossessions next week but the early indications are that the sector may have to ride out a rocky period in the […]

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