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The Mortgage Business suspends all new lending

The specialist lending subsidiary of HBOS, The Mortgage Business, is suspending all new lending, including products offered via packagers such as Pink Home Loans and The Mortgage Operation.

TMB is blaming backlogs of work and concern over service levels for the decision, saying that new products will be launched at the end of August.

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Axa aims for principal role with panel of 40

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