Industry News

GHL Group has expanded its recruitment team with the appointment of Simon Janisch. ...

Coventry Intermediaries is to refresh its range of mortgages from Friday. ...

PMS has launched four new remortgage exclusives for directly authorised (DA) advisers with Woolwich. ...

Pink Home Loans has teamed up with Higos Insurance Services Ltd to provide a general insurance referral service for its network members. ...

Data from the Council of Mortgage Lenders (CML) shows that gross mortgage lending totalled an estimated £18.7bn in October, almost 7% higher than what was a weak £17.5bn lent in September. ...

Demand for rental property decreased slightly in October, with the number of leases commencing down 2.35% on September, according to lettings agent Your Move. ...

Pink Home Loans has announced a number of changes to its executive team structure, following the departure of Barry Meeks, chief executive of The Pink Home Loans Group. ...

Zurich has developed a new planning tool aimed at helping advisers address their clients' business protection needs. ...

From tomorrow, Abbey is cutting rates by up to 0.5% on all of its three-year fixed rate mortgages from 60-75% loan-to-value. ...

New Life Mortgages has become the latest lender to join the packaged panel for the Mortgage Times. ...

The FSA has banned two directors of an insurance broker for failing to ensure that their firm complied with FSA client money rules. ...

The minutes from this month’s meeting of the Monetary Policy Committee (MPC) have revealed the members voted unanimously in favour of the cut of 1.5% in Bank base rate (BBR). ...

LMS has confirmed that Dominic Toller, director of new business and marketing, is set to leave the company. ...

New research published by insurance, pensions and investment group LV= has revealed a worrying ‘mortgage gap', with nearly half of the UK's 2.9 million interest-only mortgages lacking a specified investment vehicle in place to pay off the capital on the loan. ...

National Landlords Association (NLA) Scotland has accused the Scottish Government of failing landlords on the forthcoming introduction of energy performance certificate (EPC) legislation. ...

The Finance & Leasing Association (FLA) has launched new, consumer-facing, Good Practice Guidelines setting out what second-charge mortgage customers encountering repayment difficulties can expect from their lenders. ...

Complete Mortgage and Loan Services Ltd has been appointed as the sole packager on Debt Advice Network’s panel for the remainder of 2008, and will continue to be one of only three packagers used by the charity from the start of 2009. ...

The majority of mortgage intermediaries have confirmed that using a sourcing system that guaranteed product data would be their preferred route for generating and producing KFIs, according to the latest research from Mortgage Brain. ...

Home Buyer Systems has launched the Home Buyer Sourcing Index (HBSI), a system which the firm claims allows brokers to produce a true cost analysis of the differentials between direct and intermediary products. ...

Shareholders in Lloyds TSB have approved the firm’s takeover of HBoS by a resounding margin. ...