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Skandia wins SimplyBiz accolade

Skandia has been awarded SimplyBiz provider of the year in the service provider’s 2008 Partnership Awards, followed by Standard Life in second place and Norwich Union in third.

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Brokers wait for Abbey to reprice exclusives

Mortgage brokers are expecting it to be several weeks until Abbey offers its 27 national key accounts new exclusives after withdrawing them last week.The company says it will be readjusting its prices after withdrawing all its exclusives. It says it will offer new exclusives to its national key accounts and stresses it is not a […]

Business boost for PMS

Premier Mortgage Service ach-ieved over £780m more business applications in January than it expected, totalling just under £4bn for the month.Managing director Joh Malone says PMS was pleasantly surprised by the figures but February’s figures are likely to be lower due to the withdrawal of products and the cost of borrowing.He says: “The purchase market […]

Government could transform equity release

The Government needs to take a positive stance to equity release to transform the market, says the Council of Mortgage Lenders.It says its new research shows the market for equity release has been affected by the Government’s view that it has limited relevance as it cannot help the poorest people.The report says that negative coverage […]

‘Action is needed soon to slash base rate’

Wave director of sales and distribution Mehrdad Yousefi says the Bank of England’s monetary policy committee needs to cut bank base rate by 0.5 per cent by early summer to boost the struggling mortgage market.He says: “We need interest rates to be reduced from 5.25 per cent to 4.75 per cent by early summer. That […]

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