Loan Intermediaries & Mortgage Intermediaries

The Financial Times has reported that Picture Financial(Picture Finance), the secured loan, mortgage and payment protection provider which currently has 13 per cent of the secured loan market, is looking at selling its loan book, which has assets of more than a billion pounds. It is thought that advisory firm Kimot will auction the process which could see a takeover bid from Citigroup who may combine the assets with its online banking business, Egg. It is thought that WL Ross, Cerberus and ... Read More »

News from the Citizens Advice service shows that there are record levels of people who are worried and looking for help with rising debt levels.According to the BBC, there was a 35% rise in mortgage queries in January and February compared with 12 months ago. That is a worrying trend and will no doubt be compounded by the rising levels of customers coming off low short to medium term fixed rates into a fragmented remortgage market.  Read More »