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Imla wary of Euro directive threat

Paragon group director of mortgages John Heron has been re-elected as chairman of the Intermediary Mortgage Lenders Association.

Last week, Imla announced that Heron will chair its 2011/12 executive board, with Home Funding chief executive Tony Ward re-elected as deputy chairman.One Savings Bank director Peter Williams stays as executive director. New directors include Aldermore Mortgages managing director Charles Haresnape, Northern Rock head of sales Richard Tugwell and Barclays intermediaries managing director David Finlay.

Williams says Imla has made significant strides in 2010/11 with members developing a range of new solutions for owner-occupiers, buy-to-let landlords and for those who have experienced economic hardship. He says: “We are proud of what Imla members have achieved.

Despite continuing difficulties in the market, they continue to deliver value and innovation to consumers, helping provide access to homeownership for those who may have struggled to buy and providing landlords with the finance to buy homes for rent for those who cannot or do not want to buy.

“Many challenges remain for Imla. We are yet to see the output of the MMR and the Government’s aut-umn statement on housing policy. We are also concerned about the EU dimension and the potential the directive has to derail the pro-gress that the FSA has made and introduce a new level of uncertainty and cost.”


Lenders expect rates to stay flat in 2012

Mortgage lenders have predicted that interest rates will not increase until at least 2013. At the Mortgage Business Expo last week, representatives from Northern Rock, Barclays, GE Money Home Lending, Nationwide and Platform all agreed that an increase in 2012 is unlikely. Barclays intermediary channel director David Finlay says his view is that rates will […]

Castle Trust receives CII accreditation for mortgage training

Castle Trust has received continuing professional development accreditation from the Chartered Insurance Institute for its Partnership mortgage adviser training course. As a result of the accreditation, the training for partnership mortgages counts towards the CPD of mortgage advisers, accounting for a total of 25 credits towards the CII member CPD scheme. The new lender is […]

The changing world of professional connections

The Legal Services Act of 2007, which opened up the legal market to competition, has put the cat among the professional pigeons. In the words of a 2015 Law Society report on what the legal profession is likely to look like in five years’ time: “Business as usual is not an option for many, if […]


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