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Sesame Bankhall launches online mortgage processing service

Sesame Bankhall Group has launched an online mortgage processing service for advisors in partnership with Melton Mowbray Building Society.

The Sesame Bankhall Specialist Lending Services processes mortgage applications on behalf of lenders and aims to help advisers place more complex cases with specialist lenders.

The service offers exclusive access to 10 lenders occupying the near-prime to medium-adverse market as well as five bridging lenders. Exclusive products from panel lenders are also available.

GE Money Home Lending sales director Mark Snape says: “This venture will add further value to SBG members by enabling them to access a range of new and specialist products. We look forward to supporting SBG with this new service and developing our relationship with SBSLS.”

Melton Mowbray chief executive Martin Reason says: “This is a major development for the Melton Group which combines SBG’s market reach and industry expertise with our proven capability in processing specialist mortgage cases for brokers.”


Labour prepares to turn up the heat on pension charges

Labour is preparing to ramp up the pressure on the Government over pension costs and charges as it turns its attention to the development of large scale super-trusts. The costs associated with pension saving have come under increased scrutiny this year, with the National Association of Pension Funds persistently urging the Government to encourage the […]


FSA wants power to suspend individuals during investigations

The FSA is recommending its successor, the Financial Conduct Authority, is given the power to suspend approved persons while they are under investigation for enforcement action. In its submission to the Parliamentary Commission on Banking Standards, published today, the regulator says it wants the FCA’s powers to go beyond the controversial early warning notices that […]

Axa IM launches Emerging Markets Short Duration fund

Axa Investment Managers has launched the Axa WF Emerging Markets Short Duration fund. The Luxembourg-domiciled Sicav is currently only available for investment in Luxembourg, however the group is awaiting FSA approval for registration in the UK. The fund is run by head of the emerging market debt team Damien Buchet and will join the Sterling […]


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