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Life office in Fundsdirect deal

A life office is understood to be in the closing stages of a deal with Fundsdirect. Prudential is rumoured to be a leading partner alongside Egg and Fundsdirect. The deal would allow sharing of investment costs, risk and offer marketing support.

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A matter of principals

Alliance & Leicester&#39s admission that it will restrict the number of principals it deals with after M-Day has prompted concerns as to whether it and other lenders are ready for October 31 and beyond. A&L says that while it has a serious commitment to both lenders and brokers, its top priority is to be compliant. […]

Ewing set to leave Fundsdirect

Fundsdirect chief executive officer Sean Ewing is understood to be leaving the company. Company founder Ewing is thought to have tended his resignation in August but will be leaving the group in the next few days.

Standard fare from GMAC

GMAC RFC Buy-to-Let Two Year Fixed Rate Type: Fixed-rate buy-to-let mortgage Fixed term: Until January 1, 2007 Fixed rate: Up to 85% of valuation &#45 6.19%, up to 75% of valuation &#45 5.79% Minimum loan: £25,001 Maximum loan: Up to 85% of valuation subject to a maximum of £300,000, up to 75% of valuation subject […]

Testing times for KFI systems

AMI director Chris Cummings“In September, the AMI challenged all lenders to publish their KFI test systems. Failing this, we said that they should have them ready by the start of October so that their customers (that is the intermediary market, in case anyone forgets), could test them out. It would seem odd, after all, that […]

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