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C&G merges underwriting and processing teams

Story by: Catherine Couch, Mortgage Adviser

Cheltenham & Gloucester has merged its underwriting and processing teams in a bid to improve its service to intermediaries.

• Time published: 00:01
• Date published: 06.08.2008
• Published in: Mortgages

Our friends, electric?

Mortgage Adviser will be available in a digital-only format for the first time for the next two weeks.

• Date published: 06.08.2008

Mortgage fraud reports soaring, claims City police

There has been a "significant" escalation of mortgage fraud in the last year and lenders are reporting more of the cases they uncover, according to City of London Police.

• Date published: 06.08.2008

Pink takes lenders to the bridge

Pink has confirmed the lending partners for its bridging loan proposition.

• Date published: 06.08.2008

No more cuts: Platform

Further cuts will not be made to Platform's packaging panel, the lender has claimed.

• Date published: 06.08.2008

Rock cuts will not hit service

Redundancies at Northern Rock will not impact on the service provided to intermediaries, the lender has said.

• Date published: 06.08.2008

Solent West Country branch may face job cuts

Staff at Solent Mortgage Services's Tiverton office in Devon could be facing redundancy after being placed in a consultation period.

• Date published: 06.08.2008

Europe steers clear of mortgage crunch

Mortgage activity across Europe has not been as hard hit by the credit crunch as it has in the UK, according to the European Mortgage Federation.

• Date published: 06.08.2008

We need urgent intervention: Crosby

Without urgent intervention the mortgage market is unlikely to recover until 2011 and the intermediary sector will be hit hard, the Crosby Review has warned.

• Date published: 06.08.2008

Prestbury calls for directors to quit

Prestbury's shareholders have called for the removal of executive directors Lee Birkett and Lynne Birkett as directors of the mortgage network due to "conflicts of interest".

• Date published: 06.08.2008

Business Finance is back

Business Finance UK Ltd has returned to the commercial mortgage market after several years of absence.

• Date published: 06.08.2008

Approvals halve year-on-year

Mortgage approvals have dropped by half compared with the first half of 2007, according to the Bank of England.

• Date published: 06.08.2008

Customers bemoan complaints process

Customers were less satisfied with the way their complaints were handled in the last 12 months than in the year before, a survey of insurers showed.

• Date published: 06.08.2008

Yorkshire report shows need for cover

Yorkshire Building Society's report on the protection gap has highlighted the importance of having adequate financial safeguards, according to protection intermediary Lifesearch.

• Date published: 06.08.2008

Neville goes First for equity release

First-The Exchange has expanded its equity release service with the addition of a new home reversion product from Neville James Equity Release.

• Date published: 06.08.2008

Trigold to help advisers manage files

Trigold has unveiled its new case manager software helping advisers manage their client files.

• Date published: 06.08.2008

Results reveal banks' struggle

Results announced by lenders last week revealed contrasting fortunes in the battle for profits and a larger share of the UK mortgage market.

• Date published: 06.08.2008

FSA is "plugged in" to Soca intelligence

The Financial Services Authority (FSA) has hit back at claims it has been unable to effectively utilise intelligence gathered by the Serious Organised Crime Agency (Soca).

• Date published: 06.08.2008

Northern Rock appoints director of debt management

Northern Rock has appointed Andy Tate as director of debt management.

• Date published: 05.08.2008

Assureweb launches equity release comparison service

Assureweb has launched an equity release comparison service in association with members of Safe Home Income Plans.

• Date published: 05.08.2008

Mortgage adviser pleads guilty to money transfer deception

A Weston-super-Mare based mortgage intermediary has been struck off after pleading guilty to four offences of obtaining money transfers by deception.

• Date published: 04.08.2008

Draft code for sale and rent back unveiled

The National Landlords Association (NLA) has published a draft code of practice for sale and rent back schemes.

• Date published: 04.08.2008

Lifetime mortgage market grows

Nearly half of intermediaries who do not currently advise on the lifetime mortgage market are considering joining the sector, according to Mortgage Express.

• Date published: 04.08.2008

Mortgage Intelligence makes 18 redundancies

Network Mortgage Intelligence has announced it is to make 18 redundancies.

• Date published: 01.08.2008

FSA rules no foul play in HBoS rumours

Rumours about funding difficulties at HBoS were not spread as part of a concerted attempt by individuals to profit by manipulating the share price, the FSA has just ruled.

• Date published: 01.08.2008

A&L's profits drop to just £2m at half-year mark

Alliance & Leicester (A&L) saw its half year profits drop to £2m, down from £290m in the first half of last year.

• Date published: 01.08.2008

Platform to only accept electronic applications

Platform has announced it will no longer be accepting paper applications for new mortgage business.

• Date published: 31.07.2008

SMS retains place on Platform's packaging panel

Solent Mortgage Services (SMS) has been chosen as one of Platform's packaging panel.

• Date published: 31.07.2008

Skipton reports £44.1m profit at half-year mark

Skipton Building Society made a pre-tax profit of £44.1m in the first six months of 2008, the lender's half-year results showed.

• Date published: 31.07.2008

Profit plummets 51 per cent at HBoS

Halifax Bank of Scotland (HBoS) saw a 51 per cent drop in pre-tax profit in the first half of 2008.

• Date published: 31.07.2008

Abbey cuts rates, launches large loan offering

Abbey is to cut rates on its fixed-rate and tracker products, as well as launch large loan products of up to £5m.

• Date published: 30.07.2008

Platform cuts packager panel to 16

Platform, the intermediary lender of Britannia, has announced it has reduced the number of business partners on its packager panel to 16 members.

• Date published: 30.07.2008

Rock to cut 1,300 staff as consultation begins

Northern Rock is expected to shed up around 1,300 jobs as its individual redundancy consultation period begins.

• Date published: 30.07.2008

Lloyds TSB and C&G increase share of new lending

Lloyds TSB and Cheltenham & Gloucester increased its market share for net new mortgage lending for the first half of this year to 24.4 per cent despite profits plummeting.

• Date published: 30.07.2008