In brief

Ramesh Sharma

February 4, 2006

Mortgage Introducer is to say a sad farewell to its editor of three and half years, Rob Griffiths.

Griffiths will be joining the Association of Mortgage Intermediaries (AMI) as associate director where he will take responsibility for the day-to-day running of AMI, reporting directly to its director-general Chris Cummings.

Griffiths said: “Having spent nearly four years as editor of Mortgage Introducer, I am acutely aware of intermediary concerns. AMI is not about to stand still, but will continue to represent its members’ interests at all levels and it is my hope to drive forward its continued development.”

Platform introduces 70 per cent LTV band

Platform has announced the launch of a 70 per cent LTV band across its non-conforming mortgage range, stretching from almost prime to medium adverse. The products will be available from 6 February 2006.

The range includes two and three-year fixed rate deals, with no ERC overhang, and are available on full status and self-certification options. An arrangement fee of £545 is payable.

‘easierhips’ launched

Easier2move has announced the launch of its Home Information Pack (HIP) service, ‘easierhips.’ The offering allows companies such as mortgage advisers, packagers and lenders to provide their customers with a HIP including all necessary searches and a Home Condition Report (HCR).

FSA to streamline money laundering rules

The FSA has confirmed it is to streamline its anti-money laundering requirements as part of its drive to simplify the FSA Handbook.

It has pledged to remove the existing detailed rules on anti-money laundering controls, replacing them with high-level requirements for firms to have their own risk-based controls on money laundering in an effort to provide firms with greater flexibility to meet their anti-money laundering obligations.

PTFS announces record year

Personal Touch Financial Services (PTFS) has announced record turnover and profits for 2005, achieving almost £60 million turnover and an operating profit of £1.9 million for the year.

Mike Allison, PTFS managing director, said: “2005 has been a tremendous year, with substantial growth in every sector of the core business. Particular highlights included growth in mortgage income, up 207 per cent, investment and pensions income and healthcare.”

ifs starts online registrations

The Institute of Financial Services (ifs) has opened its online registration scheme, allowing advisers to book exam locations and times that suit them.

Mark Roberts, head of faculty-financial regulation at ifs, said: “In an age where you can arrange your mortgage, book your holiday or find your next relationship online, it seems archaic to expect busy professionals to go through a call centre, just to book their exams.”

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