View more on these topics

TMB offers packagers help following closure of Victoria Mortgages

TMB has stepped in to help packagers affected by the closure of Victoria Mortgages announced today.

The lender has set up a special hotline – 0845 124 1320 – and will give priority to packagers affected by the Victoria Mortgages closure.

TMB is also offering Victoria Mortgages an open initiation to work closely with TMB to alleviate the impact on its packagers.

TMB had previously announced a series of moves to support packagers affected by Infinity Mortgages’ temporary withdrawal from the market.

TMB’s managing director Nigel Payne says: “As a balance sheet lender, with a very good track record for service, we are in a good position to help packagers affected by today’s news. We are genuinely sorry to see Victoria Mortgages in this predicament. Nobody likes to see jobs and livelihoods under threat. Victoria Mortgages has an open invite to get in contact with TMB so that we can work closely together to reduce the impact on packagers.”


Recommended

In the line of fire

Legal and General has kicked up a storm by launching a joint pilot study with Hargreaves Lansdown to look into the benefits of using customer postcodes as a risk factor in determining annuity rates.

FSA appeals order to name and shame Lautro 12

The FSA is appealing to the Information Tribunal against the Information Commissioner’s decision to make it name and shame the 12 endowment mortgage providers which misused Lautro projections in setting premiums.

Kensington to increase medium to heavy LTV adverse rates by 1.5 per cent

Kensington has confirmed it will be adjusting its sub-prime criteria from Friday as revealed by Money Marketing online last week.The lender will be increasing fixed-rates on all near prime, near prime max, very low 90 per cent LTV products by 0.5 per cent but says that there will be no changes to its near-prime products […]

Away match with IFG for Barber

Paul Barber has joined IFG Financial Services from AWD as Northern regional manager, bringing 600 personal clients, including 50 professional footballers.

Health - thumbnail

Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment