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.

Mergers, acquisitions and divestments, Mortgages

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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.

Airports, flying fields, & services, Other Support Activities for Air Transportation, Aircraft Engine Rebuilding, Aircraft Engine Repair, Aircraft engine industry, Aircraft engine maintenance, Rebuilt engines, McAyman

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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.

Savings & Loan Assns, Savings Institutions, Officials and employees, Interview, Halifax Building Society, Blackburn, Mike

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