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Stroud & Swindon temporarily withdraws mortgage range

Stroud & Swindon Building Society is temporarily withdrawing its mortgage range today.

It says it will relaunch a new range on March 31.

In an email to brokers it says that its current range is being withdrawn with immediate effect.

Stroud & Swindon says that faxed applications will not be accepted.


Would the FSA fail its own supervision tests?

The FSA’s internal report into the Northern Rock debacle uncovered a startling catalogue of errors and failures which, if made by an adviser firm, could have seen it fined or kicked out of the industry.

Defaqto enhances its suitability letters capability

Defaqto has improved suitability letters within its Aequos Engage software by incorporating a new type of document software.The ATEB Suitability software is a special version of document creation software Intelledox. Defaqto says the suitability report templates it can now issue have proved “extremely robust” in compliance terms. It says when used in conjunction with Intelledox […]

AWD UK profits slump due to credit crunch

AWD Group has blamed profit losses of €3.5m in the UK last year on financial turbulence in the markets.The UK arm of AWD saw profits fall more than 200 per cent from a positive €3.7m in 2006 to minus €3.5m in 2007.A statement by AWD says: “The revenue and earnings development of AWD United Kingdom […]


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