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Sun Bank is shining as loan book hits £1.5bn

Sun Bank&#39s mortgage book has leapt by 50 per cent last year, bringing total to over £1.5bn.

The firm puts the growth down to the success of its flexible niche loans which includes self-cert mortgages, buy to let and a tailored mortgage package called Complex Prime.

Sun Bank says it is preparing itself for an even busier 12 months now that it has completed its move to new headquarters in Bournemouth.

The firm was bought by Portman Building Society for £95m in September 2001. Portman is in the process of acquiring Staffordshire Building Society.

Portman Group intermediary sales associate director Paul Howard says: “This has been a busy but extremely successful 12 months and our results are the icing on the cake. The move to Bournemouth has allowed Sun Bank to boost its processing capability and put even better customer service teams in place. I am certain that this will provide Sun Bank with a platform for further growth over the coming year.”


Franklin Templeton Investments – Franklin Mutual Shares Fund

Type: Oeic Aim: Growth and income by investing in US equities, US debt securities and cash Minimum investment: Lump sum £1,000, monthly £30 Investment split: 100% in US equities, US debt securities and cash Isa link: Yes Pap transfers: Yes Charges: Initial 5%, annual 1.5% Commission: Initial 3%, renewal 0.5% Tel: 0800 305306

Van der Klugt to retire at Schroder

Humphrey van der Klugt, manager of the flagship Schroder UK equity and Schroder income funds,is to retire in January after nearly 22 years with the group. The £621m equity fund will be taken over by senior UK equity manager Christopher Metcalfe while the £475m income fund will be run by Nick Purves, Schroders&#39 senior equity […]

ScotProv team for major cover cases

Scottish Provident has set up a team at its Edinburgh intermediary support centre to manage large protection cases with sums assured of £500,000 and over. The company says this will mean that cases are processed as smoothly and efficiently as possible and intermediaries are kept up to date with their progress.

Friends cuts bonuses by an average of 3%

Friends Provident has joined the swathe of life companies making further cuts to bonus rates by reducing its payouts by an average of 3 per cent. The change affects bonus rates on some unitised policies along with final bonus rates on unitised and conventional with-profits policies. It means that a with-profits pension based on a […]


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