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MPC decides base rate will remain the same

The Bank of Englands Monetary Policy Committee today announced that Base Rate will remain unchanged at 4.75%, for the third consecutive month.

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Skandia stems the re-registration flow

Skandia’s decision to focus on attracting new business and move away from re-registration as a means of asset gathering is indicative of the financial pressures afflicting fund supermarkets.

Freedom Finance changes name of mortgage arm

Freedom Finance is changing the name of its mortgage lending business to Freedom Lending to avoid confusion among mortgage intermediaries. Freedom Finance has three distinct distribution channels – a lending proposition, a loan and mortgage brok-ing and packaging service – and Mortgage Next, which supports appointed representatives and directly authorised brokers. It says that as […]

Credit record was ‘stolen’ on holiday

Concern is growing over the way that lenders’ IT systems deal with credit checks after an IFA’s client was mistakenly branded with a poor credit record after remortgaging her home.

Several lenders&#39 websites not operational says Chilton

Purely Mortgages chief executive Mark Chilton says the main issue on the first day of mortgage regulation has been several lender websites are unavailable. This means KFIs cannot be accessed on-line and KFIs cannot be validated against the lenders&#39 by cross referencing. Also, some lenders are taking longer than usual to answer the telephone and […]

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