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Deutsche unveils lending arm

Deutsche Bank has announced its new mortgage lending arm to launch later this year will be called db mortgages.

It did not reveal a precise launch date but confirmed its range of products will include sub prime, buy to let and self certification mortgages

Deutsche also confirmed the team to front the start-up will be the ex-TMB quartet of Bill Dudgeon, Mark Bergin, Paul Graham and David Parry.

Deutsche mortgage head Jeff Stolz says: We are delighted to welcome Bill and the team to Deutsche Bank and are confident that their impressive experience will be extremely beneficial in the continued growth of our already respected mortgage-backed securities business.

The appointment of this group demonstrates Deutsche Banks strength in and dedication to the market.


Select committee slams property Sipp U-turn

The Treasury select committee has attacked the Government for the last-minute U-turn on property Sipps, saying that it had warned about the potential for abuse two years ago. The committee recommended the Treasury to assess the opportunities for abuse on the issue back in 2003. It says the reversal in December was an appropriate measure […]

Workers may strike over retirement age

Unions representing 1.5 million local council workers are to ballot for strike action over plans to raise their retirement age from 60 to 65. These workers were excluded from DTI Secretary Alan Johnson’s deal with other public sector workers.


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