Preferred Mortgages and Southern Pacific Mortgages Limited (SPML), Lehman Brothers' UK mortgage brands, are to close to new business from 5pm today.
In a statement to brokers, Preferred and SPML said they would continue to service existing business. Key dates for Preferred and SPML are as follows: Funds booking will cease at 5.00pm on 2 April 2008 All applications must be received within 29 calendar days of receipt of the booking confirmation The last date for applications to be received will be the 1st May All cases must be offered within 10 calendar days of receipt of application Note: no offers will be extended past their normal expiry date All offered cases must complete within 90 calendar days from offer date. Final c...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes