Northern Ireland-based national and international commercial and property broker Annex Business Consultants has announced it is to re-brand as Annex Financial.
According to the firm’s owner, Michael Donnelly, the change will better reflect the range of financial services it aims to offer clients and will be accompanied by an advertising campaign.
NAB recruits three managers
The National Australia Bank (NAB) Group has continued its expansion into the UK mortgage intermediary market with the recruitment of three managers.
Karen Nicholls has become national accounts manager.
David Mellor has been appointed relationship manager for the East Midlands, Hertfordshire and Buckinghamshire and Lesley Parker has commenced her new role as relationship manager for Manchester and the North West.
Marlborough Stirling launches benchmarking study
Marlborough Stirling, the software and outsourcing provider, has launched its third annual mortgage benchmarking study that this year will enable lenders to assess the impact of regulation on costs, productivity and quality.
The study has again been developed in consultation with the Council of Mortgage Lenders to provide lenders with an independent analysis against an industry benchmark.
TBMC reduces rent cover on PIM products
The Business Mortgage Company (TMBC), the specialist buy-to-let and commercial niche provider, has announced it has negotiated a reduction in the rent cover requirement for all Property Investment Mortgages (PIMS) products from 130 per cent to 125 per cent.
John Olney, head of buy-to-let at TBMC, said: “This latest tweak to the PIMS range allows the intermediary more flexibility.”
