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Half baked

One New Star customer got a handsome cheque in the post last week when promised a dividend from her Isa. The Brayne & Co client from Hove got a cheque for half a penny. SimplyBiz managing director Ian Thorneycroft has finally completed his much-trained-for 10-day hike of the Great Wall of China and has raised over £12,000 for Macmillan Cancer Support.

Ian is still recovering from his experience and would like to thank everyone who sponsored him to raise the impressive amount of money.


Towergate deal for Paymentshield

General insurance broker Towergate has bought Paymentshield in a deal reckoned to be worth £180m.

MPLC launches retention scheme on “innovative” credit repair product

Mortgages PLC has unveiled a retention incentive for brokers as part of the launch of a one-year credit repair product.The offering for borrowers, which it says will be the first of its kind in the UK non-conforming market once launched next week, allows clients to remortgage after 12 months without incurring high redemption charges. After […]

A&L and HBOS back affordability over income multiples

Two of the UK’s biggest lenders have stressed the importance of using affordability calcu-lations rather than income multiples.Alliance & Leicester and HBOS have both stressed that affordability is a far more advanced method to assess whether a customer has the ability to repay.The comments come after Abbey said two weeks ago that it would lend […]

Action group in legal battle over lost Paymentshield commissions

Disgruntled Paymentshield brokers are forming an action group to recover thousands of pounds of lost commission after the protection provider last month ceased trail payments to intermediaries no longer regulated to sell mortgage-related general insurance.The group, which will shortly enlist the support of what it calls a “high profile trade figure in the protection market”, […]


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