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Renewal job

The end of the 125 per cent mortgage may be seen as no bad thing. Whether it is the end of the 100 per cent mortgage remains to be seen despite some headlines to that effect. Clearly, it is now more difficult to secure credit. Our fear is with those who cannot renew their mortgage without a massive payment shock. Borrowers in the sub-prime category will suffer most and that is where brokers can prove their worth if they use their skills to help these people renew their loans. But it may be that there are some categories of borrower who should not have been lent the money in the first place and may pay the price.

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Sense of justice

The recent court case involving a firm of advisers and the Financial Ombudsman Service has swivelled the spotlight back to the injustice and fundamental unfairness of the dispute resolution system under which firms labour.

Mortgage brokers banned for false applications

The FSA has banned two partners of an Essex mortgage firm for involvement in submitting false mortgage applications to lenders.The regulator found that Amjad Malik and Tahir Mahmood, of Abbaci Associates, had submitted mortgage applications on behalf of clients which contained false information relating to the clients’ incomes and occu-pations.The firm ceased to cond-uct regulated […]

InterBay Commercial to cut 25 jobs

InterBay has confirmed it will have to make 25 job cuts as it reviews its position in the market.It says that it has continued to sustain a competitive product range and flexible criteria while several of its competitors have pulled back from the market.InterBay says that this has now left it too exposed and with […]

Greg Broomer 2

Survey looks at the challenges facing businesses post auto-enrolment

A survey conducted by Johnson Fleming at the Pension & Benefits Show 2014 highlighted the key challenges faced within organisations post auto-enrolment. The results showed that communicating the changes and the value of them to staff, and receiving timely data from the payroll provider proved to still be the most challenging aspects of managing an auto-enrolment scheme.

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