Financial Services And Consultants, Stock Investment Advice - Home Spacer Investor Insight Spacer Devere Login
Home
Investor Insight
deVere Login
 
 
PIC logo
                 
 
           
 
     
 
PIC
 

P.I.C. - News

Skip Navigation Links
 
         

Home >  Label  >  Label
 
   

18 Jan, 2008


Marcel Le Gouais

Date: 17-Jan-2008

London Scottish Mortgages has stopped accepting new first charge mortgage applications, but denied rumours it has pulled out of the residential mortgage market altogether.

LSM confirmed this week that a limited number of staff were in consultation over their future employment at the firm.

A spokeswoman for the lender says: "Due to current high levels of business, we will not be taking any new first charge applications until the existing pipeline has cleared."

The lender is reviewing ways of reducing its lending levels in order to meet the Financial Services Authority's regulatory capital requirements.

       
Contact Us
Valid XHTML 1.0 Transitional