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Look beyond the borders

The specialist lending market in the Republic of Ireland has been flagged as a “growth engine” for the next three years.

GE Money Home Lending head of mortgage marketing Gerry Bell urged brokers at the Mortgage Business Expo to make the most of cross-border market opportunities.

He said the specialist lending market in the Republic of Ireland could be a big opportunity for brokers over the next two to three years. Bell said the market was worth nearly £1bn in 2007 but believes that by 2009 it will triple to £2.98bn. He said there are only five lenders in the market – Springboard, Stepstone, NUA, Start Mortgages and Imagination at Work.

Bell also pointed to opportunities in the UK mainland and the overseas market. He said: “There are clearly opportunities beyond your own borders, depending on how you want to put an opportunity. You can look across the border at the Republic of Ireland and I think there is a vibrant market for non-conforming or specialist lending. There are a number of lenders there and it is a growing market.”


Advisers back advocate in NU £3bn cash split

Advisers have backed Aviva policyholder advocate Clare Spottiswoode in an angry row over policyholder rights to Norwich Union’s £5.5bn inherited estate.Norwich Union said this week it will pay £2.3bn in special bonuses to with-profits policyholders but that policyholders do not have an automatic right to the remaining £3.2bn.The life company says this is because policyholders […]

Self build business up by 15 per cent for TMB in January

TMB’s self build business in January is up 15 per cent on the same period last year.The lender says that its staff have reported a sharp rise in interest from brokers who have not been involved in self build previously.TMB sales and marketing director David Murphy says: “The Self Build team have seen a marked […]

National Dragons’ Den to boost enterprise says Tory review

An independent review commissioned by the Tory party into the UK’s enterprise environment has proposed that a national system similar to the TV show Dragons’ Den should be introduced to boost entrepreneurialism in the UK. It proposes improving financing for growing businesses by making it easier for people or businesses to invest as syndicates. It […]


White paper — Dubai International Insights

Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.


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