PCCB Cancels Registration of HIP Firm – 8th May 2010
The Property Code Compliance Board suspended HIP Save Ltd and HIPserve (UK) Ltd has cancelled the registration as a subscriber to the HIP Code of Practice for failure to comply with PCCB registration rules. Back on the 12th March the PCCB issued a press release stating that due to persistent failings to comply with Board’s […]
20% Off Offer To Redeem Some Mortgages – 5th May 2010
According to The Telegraph, Toscafund, a financial management firm has been inviting some borrowers to redeem mortgages at between 15% and 20% below the "normal" redemption figure. Apparently Toscafund has been busy spending £255M on buying up portfolios of mortgages at below their normal value to enable banks to raise capital. The Telegraph indicates […]