The legals of trading loan books
Article Abstract:
Several large and small UK mortgage loan books have been traded since 1993, due to foreign lenders seeking to withdraw from the UK market and more recently the excess of supply over demand for residential loans. Traditional mortgage lenders are finding it increasingly hard to attract borrowers on standard variable rate loans: borrowers are now being offered incentives such as cashbacks, discounted rates and low fixed rates. Buying a mortgage book allows lenders to meet their targets for balance sheet growth without having to pay potential borrowers or brokers to attract new business.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1995
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Building a lean machine
Article Abstract:
McAyman the aircraft engine maintenance company was started in 1992 by Simon Jeffs and Robert Gearing in response to their previous employers changing location. After only 6 months they had repaid the start up loan and have experienced continual growth since then, success has allowed for the expansion into 3 smaller specialist businesses. Their unique approach to their customers in providing excellent communications in the form of laptop computers has been popular.
Publication Name: The Director
Subject: Business, international
ISSN: 0012-3242
Year: 1996
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Building a new society
Article Abstract:
Mike Blackburn, chief executive of the Halifax building society, has had a strong impact both within the society itself and in the building society movement as a whole. He has gained a reputation for stating his views very clearly and for taking decisive action. He has a background in banking, where he gained valuable experience in customer and staff relations.
Publication Name: The Director
Subject: Business, international
ISSN: 0012-3242
Year: 1995
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