In brief

Ramesh Sharma

January 28, 2006

Webster, previously managing director at Preferred, will begin his new role on 1 February 2006.

Terry Gateley, chairman of Swift Group, said: “Having just moved to our new head office in Brentwood, we are very fortunate that we have one of the industry leaders joining us to expand the business still further. John’s move to Swift comes at a most dynamic point in our development and demonstrates our commitment to the future growth of the company.”

Network Data to host AR conference

Network Data is to host its first AR Annual Conference on 22 February.

The event will be held at the Celtic Manor Resort in Newport, Wales and will consist of an exhibition-style area, with guest speakers and workshop sessions. It will also include a gala dinner with awards for Network Data’s top producing ARs.

FSA publishes 2006 Risk Outlook

The FSA has published its financial risk outlook for 2006, highlighting the risks that could affect the FSA’s ability to discharge its statutory responsibilities if they were to materialise. The FSA confirmed the threat of terrorism, valuation problems and the impact of a global pandemic could all hinder the regulator’s ability to carry out its role.

IF adds to offset range

Intelligent Finance (IF) is to add to its offset mortgage range with the launch of two and three-year tracker mortgages. Both are available on LTVs of between 60 to

95 per cent. IF has also improved its term tracker by extending the maximum LTV to 85 per cent, cutting the additional borrowing rate to match its headline rate and abolishing the £330 clawback for remortgages.

Complete adds Rooftop to branded lenders

Complete Mortgage & Loan Services has added Rooftop Mortgages to its range of branded lenders. Rooftop will give control of the originations process to Complete with all mort-gage offers issued direct from the packager. Rooftop also has branded lending relationships with Kensington (Complete Home Loans), and GMAC (Complete Residential Funding).

Northern Rock reveals 2005 results

Northern Rock has announced its share of UK gross mortgage lending increased in 2005 to 8.6 per cent, up from 6.8 per cent in 2004.

The lender also revealed a net share of 14.4 per cent, an increase of over 3 per cent from 2004. It further revealed its mortgage accounts, three months or more in arrears, accounted for 0.39 per cent of business, less than half the industry average.

FSA retail director retires

The FSA has announced the retirement of Oliver Page, director of major retail groups and financial stability sector leader, with David Strachan, currently retail firm’s director, taking over the position. Sarah Wilson will take the post of retail firm’s director and insurance sector leader. The FSA has also confirmed the appointment of John Murray as communications director.

Principality launches first Welsh online mortgage

Principality Building Society is to launch an online application facility completely in Welsh.

The Welsh Language Board and Alun Pugh AM, minister for culture, the Welsh language and sport, have both endorsed the project. Ian Davis, e-commerce marketing manager at the Principality, said: “Our website has been designed based on the needs of our customers with high standards of accessibility and usability, which is key to its success.”

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