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PMPA MD Smith feels the crunch

PMPA managing director Eddie Smith is to leave his role due to the impact of the liquidity crunch. Smith’s main role was to look at strategic developments.

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Advantage latest mortgage firm to shut up shop

Advantage has become the latest mortgage firm to close its business following a statement from parent company Morgan Stanley, it has been revealed.Staff at the firm were only told today that it would be shutting up shop.In a statement issued yesterday, parent company Morgan Stanley says it will discontinue its UK subsidiary Advantage and that […]

Jonathan Willcocks

M&G managing director of UK sales Jonathan Willcocks got his first taste of financial services in the booming 1980s during a break from his medical studies.

£180m paid to long term care patients after NHS gaffe

The department of health has paid over £180m in compensation to long term care patients who were wrongly charged in an NHS gaffe.Around 2000 people forced to pay for nursing care between 1996 and 2004 received payments averaging £90,000. According to a 1999 court ruling the NHS should have provided the care for free because […]

Two base rate cuts will help ease affordability, says CML

Affordability for first-time buyers worsened through 2007 but the Council of Mortgage Lenders believes the two base rate reductions since December will help to ease debt servicing burdens into 2008.By December first-time buyers typically contributed 20.7 per cent of their income towards mortgage interest, compared with 17.9 per cent in December 2006. The increase in […]

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