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Open up on market

The fallout from the US sub-prime market is still causing jitters across stockmarkets but mortgage IFAs and brokers want to know what it means for them and their clients.

With many UK lenders repricing their sub-prime products upwards, there are some important lessons to be learnt.

With the contagion affecting all firms that securitise, lenders should be open with brokers and borrowers about what impact the US sub-prime crisis is having on them. If not, brokers, packagers and borrowers could lose faith and move their business.


Former Northern Rock FD joins JO Hambro

Former Northern Rock finance director Bob Bennett has joined JO Hambro Capital Management Group as its first independent non-executive director.Bennett retired from Northern Rock in January this year after more than 13 years with the company.In his non-executive directorship at JOHCM he will be responsible for helping the company develop and grow.JOHCM chairman Jamie Hambro […]

Richard Farr appointed director of AMI

The Association of Mortgage Intermediaries has appointed former Portman head of marketing communications Richard Farr as its new director.Farr will be responsible for the management and day to day running of AMI, and for ensuring that AMI continues to represent members to politicians, policy makers and the regulator. He will report directly to director general […]

Critical danger in non-disclosure cash cases

Insurers paying a proportion of a critical-illness insurance claim in a case where a policyholder has not disclosed information could risk exposing themselves to compensation cases, warns Standard Life protection marketing manager Mick James.He says the proportions paid rarely reflect the true risk that non-disclosed information would have presented, which may prompt cons-umers to seek […]


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