#mortgage adviser london

[justforbooks]

The fashion designer Mary Quant had perfected key aspects of 1960s British pop culture long before midnight chimed on the last day of 1959. The Chelsea girl and her try-anything attitude, her short, narrow garments casually bought from a Kings Road boutique – Quant had been working on these since the mid-50s. It took the zeitgeist until at least 1963 to catch on, let alone catch up.

Quant, who has died aged 93, opened her first Kings Road shop, Bazaar, in 1955, the year after Gabrielle “Coco” Chanel ended her postwar hiatus and reopened her Paris salon. They shared a similar ambition: to clothe young, independent women unsuited to fashion dominated by Christian Dior’s 1947 New Look and the work of the grand couturiers. Quant and Chanel designed their clothes to allow new physical and mental freedoms; Quant (unlike Chanel) was also in favour of fun, in reaction to her own teen years under postwar austerity.

Life then had been rationed, begrudged; almost the only place where the young could create their own excitement was at art college, with the Chelsea Arts Ball an annual chance for frivolity. At that ball a teenaged Quant, clad chiefly in balloons, hooked up with a fellow Goldsmiths’ College student, Alexander Plunket Greene, who swanned around long-haired in his mother’s silk pyjama top, trumpet in one hand and film script in the other.

“Life … began for me when I first saw Plunket,” she wrote in her 1966 autobiography Quant By Quant. He was short on ready cash, with an income of “four bob a day,” he recalled, “if one bought cigarettes one couldn’t go the cinema too”, but posh and sexually sophisticated. “Alexander had no use for straightforward sex at all,” Quant said, and he also was consistently unfaithful.

He came from a family said to be Evelyn Waugh’s model for the Flytes in Brideshead Revisited and was at art college crossing social classes. She, born in Blackheath, south-east London, had been persuaded by her parents, Jack and Mildred, both schoolteachers, to study art rather than fashion on leaving Blackheath high school.

After Goldsmiths’, she worked as a trainee assistant at the Mayfair milliner Erik. Quant picked up pins with a magnet and counted out the ration of one chocolate biscuit a day for the assistants, who were so poorly paid that, as Cecil Beaton exaggerated, “there were weeks when only an aspirin touched Mary’s lips and, but for the Jamaicans in nearby Claridge’s kitchens handing over their refuse bins, she would have starved”.

The creation of a hat was Quant’s practical introduction to fashion, and the sculptural moulding that quickly shapes millinery influenced her approach to clothes. She had reservations about “spending three days making one hat which would be worn for one afternoon by a grumpy, spoiled middle-class woman”, learned dress-pattern-cutting at night school, to put outfits together for herself, and briefly worked for the Butterick pattern company.

Plunket’s poverty ended on his 21st birthday when he inherited £5,000; advised by the entrepreneur Archie McNair, who became Quant’s financial brain thereafter, he took a mortgage on a property on the corner of Markham Street and Kings Road, Chelsea.

He wanted to open a nightclub in its basement, but could not get an alcohol licence, so that level became Alexander’s Restaurant, a bistro influenced by his friend Terence Conran and the recipes of Elizabeth David. Plunket told McNair that his girl was good at clothes, and Quant set up Bazaar on the ground floor.

Bazaar acted in lieu of the desired club, with wine or scotch under the counter and girls shedding their garments on the floor, attracting anti-establishment former art-school characters who had gone into photography and journalism. It was hardly a shop – the preferred word was boutique anyway – since the couple never understood business. Incoming bills were piled up and those at the top were paid – Conran said you could not open the front door for writs. They were part of the new bohemian Chelsea set and their stories became SW3 legend.

Quant bought fabric from Harrods at retail prices on a Plunket family account, and had to sell each batch of clothes before she could buy more; when she ran out of stock, she simply shut up shop and started sewing. When she asked manufacturers to make for her, few would, since her ever-skimpier, shorter shapes did not promise big enough profit margins.

Besides, Bazaar might be closed for weeks with a “gone fishing” sign placed in the window while Quant and Plunket went on holiday. They wanted a wider life, flying off in chartered planes to gamble in Le Touquet: because of the era’s currency restrictions, Quant smuggled out in her knickers the cash to buy a French home. They ran an illegal chemin-de-fer game in the Quant delivery van parked in a different Chelsea street each Thursday.

By the late 50s Quant had synthesised her Chelsea girl look from elements of left bank kooky beatnik and practical details of American sportswear, plus her preference for vulgarity over good taste. Then she began supplementing it with memories of her ideal – a girl of about eight glimpsed during a childhood dancing class, who had a Dutch doll haircut and wore a dark skinny knit, very short pleated skirt, white socks and black patent shoes that focused on the boot button of their ankle strap. Quant made similar clothes the basis of the dolly-bird look of the 60s.

In retrospect, this sexualised projection of a very young girl feels disturbing. Dolly-birds skipped, and knocked their knees, and pointed their toes in what Quant called “the wet-knicker pose”. Stocking-tops and suspenders were slowly replaced by patterned or coloured tights, and Quant developed stretchy undergarments no heavier than those tights.

Quant’s own hairdresser, Vidal Sassoon, cut geometric variants of the bob. The whole ensemble pointed in one direction. “The crotch is the most natural erogenous zone,” said Quant, directing her models in their Banlon, Bri-nylon and PVC mini shifts to prance for maximum pelvic thrust, and claiming that her husband once cut her own green-dyed pubic hair into a heart shape. Angry bowler-hatted men beat with fists and umbrellas on Bazaar’s window, Quant recalled: “It got to them in some way, what I was doing.”

Being a dolly-bird was just about affordable on teen pay. Quant went wholesale in 1961, and two years later launched mass-market fashions under the name Ginger Group – ginger, prune and grape being the previously non-fashion colours that she favoured. She also signed on as an adviser with the US retailer JC Penney: from then on she could afford to hop on big jet planes to distant destinations at whim, as she had once done buses on Kings Road; her personal transport was a black Mini car with a black leather interior.

But she was never comfortable with large-scale clothes production and soon realised that the real money lay in franchising household goods such as bedding, and, even more, in designing faces.

Mary Quant cosmetics arrived in 1966 and were more original than her clothes. Cosmetic containers had traditionally been designed as ornaments for dressing tables, with lipsticks and compacts based on 18th-century boudoir trinkets. Quant observed that professional models painted their faces like canvases with brushes and theatrical grease sticks, and as an art student she had worn the contents of her watercolour paint tubes. She commercialised these ideas, and the daisy logo that was always the doodled focal point of her dress sketches then appeared on makeup packaging – yellow tins of crayons, and simplified bottles, sold not from store counters but from “pods” that might have been moon landing capsules.

Skin cream was sold with matching vitamin pills. Bazaar closed in 1969, by which time 7 million women worldwide had Quant’s label in their wardrobe.

Quant cosmetics also dwindled away in the 70s but were revived under licence in Japan in 1984, and re-exported to the west in the 90s. Japan was Quant’s most logical market, for young women there have cultural sanction to present themselves as prepubescent – pretending to be very young is seen as liberating, which appealed to Quant, who said: “I grew up not wanting to grow up, growing up seemed so terrible, children were free and sane.”

She eventually resigned as director of the company, and lost control in 2000 of her name and her daisy, but stayed as consultant. She also began designing clothes for the New York store Henri Bendel, which realised her vintage work was being collected. Her approach was understood as being as dramatically simple as Chanel’s – “Only I had better legs than Chanel,” said Quant.

Her first retrospective exhibition, Mary Quant’s London, in 1973 at the Museum of London, had a 50s gloom room so visitors could appreciate the difference she had made, for which she was appointed OBE in 1966 – a very big deal at the time. She was made a dame in 2015, and a companion of honour this year.

When the V&A put on a lifetime retrospective show in 2019, it sourced exhibits radically by asking the public to loan Quant clothes they had kept. Many of those selected were displayed with old photographs of their owners wearing them, captioned with the outfit’s personal “story”. The exhibition drew huge crowds, with visitors talking to each other – a rare occurrence – about what it had been like to wear Quant fashion when it was new.

Although the Chelsea set regarded home as the place you went when there was nothing better to do, Quant loved her house in Grasse, Provence, and a retreat in Guildford, Surrey. There she gardened by torchlight when day faded, and installed a 60s Claes Oldenburg plastic statue commemorating dolly-bird knees.

The turbulent marriage of the Plunket Greenes, which had begun in 1957, ended with his death in 1990. Her later partner, Antony Rouse, died in 2014. Quant is survived by Orlando, the son from her marriage, and three grandchildren.

🔔 Mary Quant, fashion and cosmetics designer, born 11 February 1930; died 13 April 2023

Daily inspiration. Discover more photos at http://justforbooks.tumblr.com

[desos-records]

Chapter 2: The King of Infinite Space

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Ghost possession doesn't happen often, but fatality rates are high. Even if an agent does survive, there are the aftereffects to worry about.

After surviving a possession, Lucy Carlyle struggles with recovery, delving ever deeper into the memories of Visitors and, in the process, stumbling into the world of blackmarket Sources.

Meanwhile, George Karim races to learn the truth behind ghost possession in order to protect Lucy and save future agents.

And Anthony Lockwood must face his own past with the London underworld if he wants to save his friends and himself.

-

Get rid of her, Mr. Lockwood

Lockwood stared at his reflection in the old, spotted silver mirror—a Victorian-era ghost trap that his father had bought in an estate sale—tying his tie and trying to force his fear out of sight. Back in his suit, he felt a little more secure, but he could see that his expression still looked panicked and trapped. His hands still fidgeted, searching for his sword.

Inspector Barnes had called, ending his conversation with George, and demanded that Lockwood fire Lucy for not having her Grade Four certification or else he would shut down the agency.

But Lockwood wasn't going to get rid of her and certainly not because Barnes wanted to throw his weight around. Had it been ill-advised to bring her on without a Grade Four? Perhaps. But Barnes hadn't seen what she could do, what an exceptional Talent she had. He hadn't seen her haunted look when she said her last employment ended abruptly.

Lockwood had looked up her DEPRAC files after their first couple cases together, curious about why any agency would fire such an obviously Talented agent. He found the Wythburn Mill Incident, the list of casualties, and the blame the agency's cowardly supervisor placed on Lucy. He'd thought about writing some sort of letter to rail at DEPRAC about the injustice, but it was Lucy's past. If she'd traveled all the way to London just to leave it behind, then he wouldn't dredge it up.

He would just have to find some other way to protect Lucy and the agency. 

"Remember to bring back breakfast!" George shouted from downstairs. "I'm not cooking again!"

Lockwood called absently over his shoulder, "Stop mother-henning!"

He adjusted his finished tie and took a breath, nodding once to himself. Gathering his sword and his bag, he stepped away from the mirror. Then, before heading downstairs, he stopped at the door to the attic and knocked. The stone face of a gorgon—originally part of a wall in a Greek temple excavated by his mother—stared down at him from above the door.

"Luce?" he called. "Lucy, can I speak with you a moment?"

He used the tone of voice George referred to as his Mr. Lockwood voice, the tone that sounded like his signature at the bottom of every mortgage payment. He used it on clients and DEPRAC agents alike and it let him pretend he was just an employer checking in on one of his agents—instead of a boy desperate to make amends for putting one of his friends in danger.

Again. He'd put her in danger again. With the inclusion of the Hope House, he'd failed to protect her from the ghost of Annabel Ward three times.

He had tried though, hadn't he? He could take responsibility for the Hope House, but he couldn't help that Lucy stole an artefact from an active haunting site. She and George had a fascination with Sources that he couldn't understand. The only reason he kept some in the basement was for posterity's sake and, should the need arise, a little insurance. He certainly didn't go around handling them, contained or otherwise.

The old stairs squeaked and groaned and Lockwood jumped in his skin. Then the door swung open and, for a moment, he could only stare. 

Sometimes, on a case, agents would be caught in an overwhelming sense of deja vu or even nostalgia—a strong, but relatively harmless side effect of proximity to psychic energy and the pull of long-dead memories. Even adults could feel it. Agents described an aching feeling in their guts or chests, longing for something they couldn't even begin to place. Good agents could use it to locate an emotionally charged Source.

When he saw Lucy the first time, he felt something similar—a nameless ache in his chest. While psychic nostalgia always cut with a cold edge of sorrow or regret, Lucy made each of his ribs glow warm like the heating elements in the toaster. 

Oh, there you are, he remembered thinking. Where have you been?

Lucy stood just beyond the doorway, hand on the knob in the same rigid way she held a rapier, like she ought to be holding a claymore instead. Her damp hair curled against her shoulders, face faintly red like she'd scrubbed it rather hard. She'd changed into clothes she typically wore on cases—big jumper, wool skirt, torn leggings, heavy boots. 

Lockwood knew armor when he saw it. He felt the same about his coat. Battered or burned, he balked at the idea of facing a case without it.

"What?" 

Lucy's voice dropped in heavy links of iron chain between them. He flashed his best smile. Lucy only crossed her arms at him.

"I'm going out for flares and filings," he said, dimming the smile down to more ordinary levels. "I'll bring back doughnuts from Arif's, if you like. Want anything?"

She bit her lip, furrows in her brow same as when she concentrated on case research. He didn't think doughnut flavors required that much thought, but it had been a long night. Then she looked up and stepped into his space. He tried very hard to keep his breath from hitching as her warmth radiated towards him, the smell of lavender soap closing in.

They'd stood together just like this hours ago. He wondered if she remembered, if she'd seen anything of the present or only the past. When Lucy touched his face, so gently it made him jolt, he could only register the callouses on her hand, put there by her rapier, and how they matched his own. He thought of how well her hand fit with his all those times the last month or so when the circumstances had called for it—maybe her yanking him out of a Visitor's reach or him jarring her from the pull of malaise or helping each other stand up after getting knocked into the mud by a Poltergeist with a fondness for lawn gnomes.

Then her thumb traced his cheekbone and she looked at him with such a dizzying mix of love and fear that he forgot to breathe.

you love me, don't you?

He saw the doubt flicker over Lucy's face as she said it. His chest ached like he'd cracked a rib even as he realized that Annabel Ward doubted the man in front of her, Lucy didn't doubt him. Lucy wasn't afraid of him.

you're hurting me

Lucy dug her fingers into his arms, somehow pulling him closer even as she tried to move away. He watched as her face contorted in pain, pale with betrayal.

His heart thudded heavy to the pattern of I'm sorry I'm sorry I'm sorry

How could he tell her that he would never try to hurt her? That he never wanted to give her a reason to be afraid of him? That Lucy Carlyle should never have to doubt that someone loved her, especially not him.

Well, he could think of a thousand reasons why he couldn't tell her that. She'd met him a little over a month ago; he was her employer and landlord and fellow agent. It was too soon, much too soon for things like that.

Besides, what kind of future could he give Lucy Carlyle that she would want? She was more alive than anyone he'd ever met, with light in her eyes like the stars that forced their way through the bluish-black London sky. He was halfway dead, a ticking time bomb even on a good day, and in charge of a tiny agency that wouldn't do her any good if he couldn't make them legends before he kicked it.

"Lockwood?"

He blinked back to the present and smiled on reflex. "What is it, Luce?"

Her eyes pinned him in place. Fear froze his lungs as he wondered if she could see straight through his grin and his business casual expression and his voice laid down in private school cursive.

"Did I hurt you?" she asked softly.

"Me?"

She frowned again, lips a steady downward curve. "When I—when she… Annabel. When that man strangled her, she scratched his arms up really badly. It's probably why he bricked her in that chimney, she would've had his blood under her nails. Did I…"

Her hand drifted towards his forearm, but hesitated.

"No. No, I'm fine, Luce. See?" He rolled up his shirt sleeve to show her his unbroken skin. "No harm done," he said.

That had more to do with the fact Lucy kept her nails short and Lockwood had been wearing his hoodie than any intent on her part. He felt certain she would've drawn blood otherwise, but he wouldn't tell her that.

She nodded and pulled away, hands fidgeting with each other in a nervous way he'd never seen with Lucy, her eyes distant.

"You couldn't have known she would take you over like that," Lockwood offered gently. "And you did incredibly well under the circumstances."

Her expression turned fierce, somehow shifting her round face into sharp planes and angles. She always looked like that right before she pulled her rapier on a Visitor or lit a magnesium flare or got into a row with someone. Now, she looked like his Lucy. He realized with a sudden spark of fear that she hadn't looked like herself since falling from the Hope House.

"I only broke her hold because the sun was rising," she said. "And because you were there. You and George. On a job, I would've gotten us all killed."

"No. We would've figured something out, Luce. We always do."

"You don't know that."

"I know you."

Her face rounded out again, along with her eyes, and her cheeks turned rather pinker. And as much as he wanted to spend a minute or two studying that expression of hers and how it lit up his heart like a glowstick, the growing silence clawed at him so he carried on.

"I only mean that I've seen you in the field and you're as capable as any other agent I've worked with. More so. And there's more than a few times you've saved our sorry necks, George and I, as you know. You make invaluable contributions to every case, Lucy."

"Right." She deflated, glancing away from him and looking a bit cornered. "Thanks, Lockwood."

He said something wrong. He could see it in her face, a house closing its doors and window shutters. Her hands clenched into fists at her side.

"It wasn't your fault, Luce," he tried again. "The possession, I mean. There's no SOP for that kind of thing beyond containing the Source."

The shadows in her face darkened ever further, but she spoke lightly. "I think George is writing one."

He smiled like he could expel the darkness that way. "George is going to rewrite the whole rulebook one day and I'm going to have him put Don't let Lucy Carlyle handle Sources right at the start."

Lucy glared, but the shadows faded and the corner of her mouth—so often turned down—quirked up. "If you bring me back a chocolate custard, I'll forget you said that."

Lockwood's smile turned into a grin, his ribs warm and glowing inside him. "Chocolate custard it is then."

[natromanxoff]

Evening Standard - April 22, 1992

Credits to Roberto Macchi.

Freddie fever at Wembley this week: but gay people face financial discrimination

The pink economy

For single men, gay or not, getting life assurance can at worst be almost impossible and at best very expensive. But, as LORNA BOURKE reports, the situation is improving

ORGANISERS of the Wembley rock tribute to Freddie Mercury are currently deciding which Aids charitles will benefit from the estimated £20 million raised.

As they do so, young, single men — whether homosexual or not — and gays of all ages, continue to face problems which could have serious repercussions on their finances.

The most obvious concerns life assurance. Because of the Aids threat, single men have difficulty getting cover. If they share a house with another man, they may find it all but impossible.

Life assurance is now part of most mortgage schemes, particularly the special offers, fixed-rate packages and discounts. So being refused cover could mean not qualifying for a loan. Even when cover is granted, it usually costs more.

“Two guys wanting to buy a property together have been a problem for a long time," said Ian Darby of mortgage broker John Charcol. “All life assurance companies now require single men to complete a 'lifestyle' questionnaire and all proposal forms have questions about Aids tests and whether you have ever had one.

“Where people come in and admit that they are gay we will offer them a loan without life assurance. We haven't had many single men turned down for life assurance but, inevitably in some cases, people lie about lifestyle."

The Association of British Insurers warns against this. "It isn't worth it,” said spokeswoman. "If you make false declarations on the proposal form you may find your claim being turned down.”

The Terrence Higgins Trust, an Aids charity, has strong views on Aids testing. "Insurers are perfectly entitled to know if a person has tested positive for HIV. Bu they should not discriminate against people merely because they have sought counselling or testing," said a spokesman.

The ABI denies that people of either sex are turned down simply because they have had an Aids test, or that insurers invent an excuse to refuse cover if a person admits to having been tested.

"The life assurance company will ask for dates of any test and the result. But your doctor can find out why you have been turned down if life assurance is refused." The ABI keeps a "blacklist" of everyone who has been refused life cover, but maintains that it does not carry details of why applicants were turned down and therefore cannot isolate those who admitted to having an Aids test.

ROGER Smith, of Radford Smith, an independent financial adviser who has specialised in life assurance for high-risk groups, believes the situation is improving slowly. "As a result of publicity, people are a little less concerned about coming forward for insurance on the basis that they know they will have to pay an extra premium but won't necessarily be turned down now.

"A single male may have to pay 100 per cent more than a married man on term assurance, or 25 to 40 per cent more endowment mortgages, but they can get cover. Some companies like Standard Life just don't want to do high risk business, but not all."

He points out that anyone not wanting to answer lifestyle questions can always opt for a pension or Personal Equity Plan-linked home loan where life assurance is not an ingredient.

The money matters of gay couples are not always so troubled. In a stable but childless relationship, finances are often easier than for a married couple. There are usually two incomes and, with only one person to inherit, wealth tends to become concentrated rather than dissipated.

Statistics are elusive. "Gay News did some research on this years ago but they closed down,” said Michael Mason, editor of Capital Gay, a giveaway publication distributed among pubs and gay bars in London and Brighton.

But Roger Smith added: "Most gays are concerned to provide for their partner and you find a higher incidence of will-making than among married couples.

“They are often concerned that other members of the family do not come along and challenge the provisions made for the partner. But there is no problem with insurance companies on nominating a male partner as the beneficiary of a pension policy nor, as far as I know, with occupational pension schemes."

Simmy Viinikka, legal adviser at the Terrence Higgins Trust, advises gay couples to buy a property in joint names. "There is then no problem with the will, which could be contested by the family of the deceased person, as the property automatically passes to the surviving partner."

[toproofcoatings001]

Rooftop Break Fix London: Shielding Your Home from Water Harm!

Rooftop breaks can be a mortgage holder's most dreaded fear in London, where downpours and soggy weather conditions are consistent; dealing with your rooftop is pivotal for keeping up with the underlying honesty of your home. Holes can prompt water harm, shape development, and compromise protection, costing undeniably more in fixes whenever left ignored. This guide will examine fundamental rooftop spill fix procedures in London, investigate a portion of the top rooftop coatings accessible to forestall breaks, and contact on the developing pattern of rooftop painting in Ontario as a method for expanding the life expectancy of a rooftop and improving its appearance.

The Best Roof Leak Repair in London

Roof Leak Repair London is the consequence of maturing materials, ill-advised establishment, or serious atmospheric conditions in the area of London. A typical indication of a hole incorporates water stains on the roof, stripping paint, or moistness in the upper room. Fixing a rooftop spill requires brief activity and mastery, particularly in more seasoned or notable structures frequently tracked down in the UK. Distinguishing the source is crucial in any rooftop spill fix. Water stains on the roof or walls may not adjust precisely with the rooftop's entrance point.

Examining the loft for any indications of water passage, utilizing a spotlight to find soggy regions, and searching for rooftop entrances like stacks or vents can help track down the hole. Glimmering, the metal material encompassing rooftop entrances, is often an offender in rooftop spills. Rooftop repair experts can supplant harmed shingles, fix small openings, or apply a particular glue to build up points of concern. Supplanting a whole rooftop segment might be vital when broad shingle harm is found.

The Importance of Top Roof Coatings

To forestall future holes, invest resources into ordinary rooftop investigations and upkeep. The experts of Top Roof Coatings in London offer occasional reviews to recognize and fix minor harm before it declines, making it a beneficial investment for long-term reserve funds. These are likewise eco-accommodating, as they lessen heat retention and can assist with bringing down cooling costs. Top Roof Coatings are financially savvy and give solid UV opposition, safeguarding rooftops from sun harm.

While they may not be as tough against water as silicone, they are, as yet, an incredible decision for regions with moderate precipitation. Acrylic coatings are frequently colored to further develop energy proficiency by reflecting intensity away from the structure. With brilliant effect opposition, Top Roof Coatings are appropriate for high-traffic rooftops, such as those on business structures where individuals might walk or store hardware. 

Roof painting Ontario: Stylish and Viable Advantages

Roof painting Ontario is acquiring ubiquity as a successful method for reviving a rooftop's appearance and providing extra security. It can safeguard against UV beams, precipitation, and contamination. Ontario's variable weather conditions make a defensive covering helpful for limiting mileage and forestalling green growth and development. Rooftop painting in Ontario offers a financially savvy method for broadening your rooftop's existence, further developing energy productivity, and upgrading your property's stylish allure.

Whether you own a home or business building, making proactive strides like rooftop painting can save you from additional exorbitant fixes and substitutions. By picking the right sort of rooftop paint and working with proficient project workers, you can guarantee your rooftop faces Ontario's assorted and frequently testing environment conditions. As referenced previously, intelligent rooftop coatings can improve energy efficiency by reflecting daylight and diminishing intensity ingestion.

Conclusion

Rooftop upkeep is essential to house purchasing, particularly in locales like London and Ontario, where weather conditions can negatively affect rooftop solidness. Proactively fixing rooftop spills, putting resources into top-quality rooftop coatings, and taking into account rooftop painting can assist with safeguarding your home and even further develop energy effectiveness. Regarding rooftop spill fix in London or a new layer of paint for your Ontario rooftop, consistently pick dependable and experienced experts to guarantee an unparalleled piece of handiwork. Whether you're hoping to fix, coat, or revive your rooftop, a very much kept-up rooftop will safeguard your home and improve its incentive for quite a long time into the future.

[cemap123]

A Guide to the CeMAP Qualification

In today’s economic climate, many people are looking to transition into more secure industries with growing job opportunities. Despite concerns about the financial sector due to changes in the economy, mortgage advice remains a thriving field. People are buying new homes, remortgaging, releasing equity, and adjusting their living situations, making the need for well-informed, professional mortgage advice essential. A qualified mortgage adviser plays a crucial role in guiding clients through these complex decisions, ensuring they find the right financial solutions that meet both their current needs and future security.

To become a qualified Mortgage Adviser in the UK, individuals must first complete the Certificate in Mortgage Advice and Practice (CeMAP). This qualification is awarded by the London Institute of Banking & Finance (LIBF), the most recognized body for mortgage advisers.

Let’s take a closer look at the structure and breakdown of the CeMAP qualification.

CeMAP Overview: Three Core Modules

CeMAP consists of three modules, covering Financial Regulations, Mortgages, and Assessment of Knowledge and Advice:

CeMAP 1: UK Financial Regulations

This module focuses on the regulatory framework governing financial services in the UK. It is divided into two units, and your knowledge will be assessed through a 2-hour objective exam.

Unit 1: Introduction to Financial Services, Markets, and Products Exam: 60 minutes, 50 multiple-choice questions Pass mark: 70% (35 out of 50 questions)

Unit 2: UK Financial Services and Regulation Exam: 60 minutes, 50 multiple-choice questions Pass mark: 70% (35 out of 50 questions)

CeMAP 2: Mortgages

This module covers the mortgage industry in detail, broken into four units, with a 2-hour exam at the end to assess your knowledge.

Unit 3: Mortgage Law, Policy, Practice & Markets Exam: 30 minutes, 25 multiple-choice questions Pass mark: 70% (17 out of 25 questions)

Unit 4: Mortgage Applications Exam: 30 minutes, 25 multiple-choice questions Pass mark: 70% (17 out of 25 questions)

Unit 5: Mortgage-Related Protection Products Exam: 24 minutes, 20 multiple-choice questions Pass mark: 70% (14 out of 20 questions)

Unit 6: Mortgage Payment Methods and Post-Completion Issues Exam: 36 minutes, 30 multiple-choice questions Pass mark: 70% (21 out of 30 questions)

CeMAP 3: Assessment of Mortgage Advice & Knowledge

CeMAP 3 differs from the first two modules in its assessment style. Instead of individual questions per unit, you’ll be given six case studies, and your knowledge will be assessed through multiple-choice questions based on the information provided in these case studies. The exam is 2 hours long.

Exam Structure: 60 multiple-choice questions based on case studies Pass mark: 70% (42 out of 60 questions)

How to Seek Help with CeMAP

When you register for the CeMAP exams through the LIBF, the registration fee includes access to the syllabus and online learning materials. The LIBF also offers additional resources, such as digital learning tools, at an extra cost.

To further support your CeMAP studies, you can also turn to accredited learning support providers. These organizations offer intensive training courses, revision materials, videos, audiobooks, and practice exam questions to help guide you through the qualification process.

Futuretrend is a well-established accredited learning provider for the LIBF. Over the years, they have helped thousands of learners successfully complete the CeMAP qualification and embark on rewarding careers as mortgage advisers.

CeMAP: The First Step to a Mortgage Adviser Career

The CeMAP qualification is widely regarded as the entry-level certification for anyone looking to become a mortgage adviser. Once you pass, it’s important to know the next steps. Futuretrend’s Learning and Development team is here to support and guide you throughout your entire journey, from passing the exams to starting your career.

[whitehorselaw]

Looking for Residential Conveyancing Solicitors in London, UK? Visit White Horse Solicitors & Notary Public!

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What We Offer

At White Horse Solicitors & Notary Public, we offer a comprehensive range of services related to residential conveyancing, including:

Buying or selling a property: We handle all legal aspects, from drafting contracts to transferring ownership.

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Expert Guidance Every Step of the Way

Our team takes the time to understand your individual needs and provide clear, practical advice at every stage of the process. From answering your questions to keeping you informed about timelines and costs, we ensure transparency and clarity throughout.

Get in Touch

If you need expert residential conveyancing solicitors in London, look no further than White Horse Solicitors & Notary Public. Contact us today to discuss your situation, and let us handle your legal needs with precision and care.

[bestadviceuk]

April Mortgages partners with Coreco

April Mortgages has announced a new partnership with Coreco. Coreco is a London-based provider of mortgage and financial advice. As a result of the partnership, Coreco advisers will have access to April Mortgages’ range of five to 15-year fixed rate mortgages. The fixed rate reduces automatically over time as the borrower drops into a lower LTV bracket, as they pay off their balance or the…

[influencermagazineuk]

Deaf Man Tricked into £28,000 Loan by Gang: Metro Bank Faces Questions

A deaf man, Peter James, was manipulated through a gang into casting off a £28,000 loan from Metro Bank. Despite having no property and unique needs, he changed into authorized for the loan. After intervention by Guardian Money, Metro Bank agreed to write down off the debt, however questions remain approximately their safeguards. A deaf man named Peter James became tricked by way of a gang into removing a £28,000 commercial enterprise mortgage from Metro Bank. His family is traumatic to realize how someone with unique wishes and no large assets might be allowed to borrow one of these large sums.Peter, who communicates simplest via British Sign Language and has special educational wishes, became almost bankrupt and pursued with the aid of the financial institution’s debt creditors before Guardian Money stepped in to assist. This case increases serious questions on how banks guard susceptible human beings from being exploited and the safeguards they've in location.In 2020, Peter changed into taken to the Ilford department of Metro Bank in London. He became followed by way of a person who claimed to be appearing on his behalf. They opened a bank account in his name, provided his ID, and once the bureaucracy were signed, the partner took his debit card and disappeared. Later, they implemented for a business bounce back loan, which become deposited into the brand-new account.Peter, residing in a council flat in south London along with his deaf wife, faced identification robbery problems in the course of the lockdown. His father-in-law, Steve Hall, explained that while HMRC recognized the fraudulent Covid aid furnish applications and stopped chasing Peter for repayments, Metro Bank did no longer. Despite explaining the state of affairs to the financial institution, they held Peter answerable for the loan and refused to offer records or prevent worrying compensation. Steve Hall said getting information from Peter became difficult, however it seems he turned into groomed by means of a gang promising him paintings in a new enterprise. He changed into advised to carry his passport to a meeting, picked up in a Mercedes, and forced at hand over his telephone. He was later dropped off at a tube station, handed over his bank card in trade for his phone, and changed into instructed to keep quiet. He by no means heard from the gang once more.The circle of relatives doesn’t understand how Metro Bank decided Peter turned into eligible for this sort of big mortgage. Despite having a steady activity, he lives in social housing with no tremendous belongings. They additionally wondered why the financial institution did no longer ask for the ID of the person who followed Peter.After Guardian Money got concerned, Metro Bank agreed to write down off the loan, declaring that the new information found out how scammers prey on vulnerable human beings. They reminded readers to be cautious approximately sharing non-public information, establishing accounts, and being rushed or compelled into financial selections. The financial institution admitted it does now not require ID from humans accompanying clients, even for sizeable loans, that may permit such incidents to appear once more. The circle of relatives hopes Metro Bank learns from this case. They are relieved the mortgage has been written off and might now circulate on. Steve Hall referred to that he values the Guardian’s assist, even renewing his subscription as a token of appreciation.Peter’s tale highlights the want for higher safeguards in banks to shield vulnerable humans from scams. While the circle of relatives is relieved, they consider Metro Bank need to improve its strategies to save you similar instances inside the future. Read the full article

[crownla98]

Navigating Legal Terrain: Will and Residential Property Solicitors in London

The complexities of managing estates and navigating residential property transactions in London call for specialized legal expertise. This article delves into how Will Solicitors and Residential Property Solicitors provide essential services that safeguard personal and financial interests, ensuring peace of mind for clients navigating the intricate legal landscape of London.

The Essential Role of Will Solicitors in London

Understanding Will Solicitation

Creating a will is a critical step in ensuring your assets are distributed according to your wishes after your passing. In London, the nuanced legal frameworks make it even more crucial to have expert guidance in drafting a legally sound will.

Services Provided

Will solicitors in London offer a range of services, including estate planning, drafting wills, and providing legal advice on appointing executors and guardians for minor children, ensuring that all aspects of your estate are managed as per your wishes.

Impact of Expert Guidance

Professional advice from will solicitors can prevent potential legal complications, ensuring your estate is managed and distributed as intended, thus avoiding default legal distributions that might not align with your personal wishes.

Residential Property Solicitors: Navigating London's Real Estate

Comprehensive Legal Support

From handling high-value property transactions to navigating leasehold enfranchisements and advising on property taxes, residential property solicitors in London provide comprehensive legal support to ensure smooth property transactions.

Leasehold Enfranchisement Explained

Leasehold enfranchisement offers a pathway for leaseholders to buy the freehold interest of their property. Solicitors play a pivotal role in this complex process, ensuring leaseholders can secure favorable terms and gain greater control over their properties.

Mortgaging and Re-mortgaging Insights

In the context of London's dynamic real estate market, solicitors provide crucial advice on understanding mortgage terms, ensuring all documentation is in order, and facilitating smooth mortgaging or re-mortgaging transactions.

Complex Agreements

Navigating overage and clawback agreements requires specialized legal expertise. Solicitors ensure that these complex agreements are negotiated and drafted in a manner that protects the client's interests, whether they are on the seller or buyer side.

Choosing the Right Solicitor

Factors to Consider

Selecting the right solicitor involves considering factors such as expertise, experience, client testimonials, and the solicitor's ability to communicate complex legal matters in understandable terms.

The Selection Process

The process of choosing a solicitor should involve thorough research, consultations, and evaluations based on your specific legal needs, ensuring you partner with a solicitor who can best represent your interests.

Conclusion

The roles of Will Solicitors London and Residential Property Solicitors London are indispensable in managing legal affairs related to estates and property transactions. Their expertise not only ensures compliance with legal standards but also provides clients with the assurance that their personal and financial interests are well protected.

Consider consulting with Will Solicitors London. Navigate the complexities of the capital's property market with the help of Residential Property Solicitors London, ensuring smooth and informed transactions.

[eggsinvest]

Top 10 Factors While Considering to Buy a Property

Are you eyeing the world of real estate investment to buy a property or boost your financial portfolio? Investing in income properties can be an exhilarating journey, promising substantial returns if you make informed decisions. However, the real estate landscape is riddled with complexities that can impact your returns. As a first-time investor, it’s crucial to tread carefully.

But, with EggsInvest, your trusted investment portal specializing in property investment in UK, you can navigate the intricacies of real estate with confidence.

Now, let’s delve into the essential factors you need to consider when purchasing an income property for your “buy a property” goals. Whether you’re interested in London sale apartments or exploring house selling websites in UK, these factors will guide you toward a profitable investment.

Neighborhood:

The neighborhood you choose will shape your tenant pool and vacancy rates. Proximity to universities may attract students, while other areas might cater to different demographics. EggsInvest advises thorough research to understand the local dynamics and potential challenges for those looking to buy a property.

Property Taxes:

Variable property taxes across regions can impact your overall costs. While high property taxes may be justifiable in sought-after neighborhoods, caution is advised in locations with less appeal. EggsInvest recommends exploring the municipality’s assessment office and understanding future tax implications when looking to buy a property.

Schools:

For family-sized homes, the quality of local schools influences property value. Even if your primary concern is monthly cash flow, the overall investment value matters for future resale. EggsInvest encourages investors to consider the educational landscape when evaluating income properties for those looking to buy a property.

Crime:

Safety is paramount. Access crime statistics through online resources, local police, and public libraries. A decline or rise in criminal activity can significantly impact the desirability of your property. EggsInvest recommends thorough research to ensure a secure investment for those looking to buy a property.

Job Market:

Growing employment opportunities attract more tenants. Check job availability in your target area through the U.S. Bureau of Labor Statistics. Stay alert to major company movements, as they influence housing demand. EggsInvest advises considering the business type, as it can affect property values.

Amenities:

Explore the neighborhood���s perks – parks, restaurants, gyms, and public transportation. These amenities attract renters and enhance property value. EggsInvest suggests a detailed tour to identify areas with the best blend of public and private facilities when you aim to buy a property.

Future Development:

Municipal planning departments hold valuable information on future developments. Be cautious of projects that may impact property prices negatively. EggsInvest emphasizes staying informed about new housing that could compete with your investment.

Number of Listings and Vacancies:

High listing numbers may signal a seasonal cycle or a declining neighborhood. Investigate the cause to determine future trends. EggsInvest notes that low vacancy rates empower landlords to raise rents, while high rates may require adjustments to attract tenants for those looking to buy a property.

Average Rents:

Rental income is the lifeblood of your investment. Research the area’s average rent to ensure your property covers mortgage, taxes, and expenses. EggsInvest recommends understanding the area’s future trajectory to secure a profitable investment when you aim to buy a property.

Natural Disasters:

Consider insurance costs for potential natural disasters. EggsInvest stresses the importance of factoring in these expenses to protect your rental income. Understanding the risks associated with the area ensures a comprehensive investment strategy for those looking to buy a property.

Additional Tips from EggsInvest:

Starting Your Search: Begin independently to understand your property preferences before engaging a professional. This research enables you to identify key characteristics that align with your investment goals, especially if you want to buy a property.

Getting Information: Tap into official sources and engage with neighbors for authentic insights. Renters, especially, provide honest perspectives on the neighborhood. Frequent visits at different times offer a holistic view when you want to buy a property.

Choosing a Property: For beginners, single-family dwellings or condominiums are ideal. Consider appreciation potential and projected cash flow when selecting a property. EggsInvest recommends avoiding overpaying, adhering to the 12-times annual rent affordability rule for those looking to buy a property.

Determining the Rent: Set realistic rents based on average rates, avoiding prolonged vacancies. Calculate income against costs to ensure profitability. EggsInvest advises considering property maintenance costs and exploring options for property management when you want to buy a property.

Making the Purchase: Be prepared for stringent lending requirements for investment properties. Plan for a 20% to 30% down payment, plus closing costs. Professional inspections and legal reviews are essential. EggsInvest highlights the tax-deductible nature of mortgage interest, insurance, and other expenses when you aim to buy a property.

Embark on your real estate investment journey with EggsInvest – your reliable partner for property investment in UK. Make informed decisions, secure profitable income properties, and pave the way for financial success.

Explore EggsInvest for exclusive property listings and expert guidance on your real estate investment journey. Start building your wealth today with your choice to buy a property!

[signatureluxury]

Real Estate Developer in Dubai

Robust Infrastructure Dubai's strong infrastructure, marked by top-notch transportation systems, state-of-the-art airports, dependable utilities, contemporary facilities, carefully designed residential areas, iconic landmarks, and smart city projects, significantly boosts the attractiveness of the city for real estate investment. This meticulously organized and effectively overseen infrastructure, constructed by renowned developers such as Grovy, not only guarantees a superior quality of life but also augments the prospects for the long-term value growth of properties in the UAE.

Golden Visa Benefit for 10 Years Owning a property in Dubai can grant foreigners a five-year golden visa, allowing them to reside, work, or pursue studies in the UAE, with the possibility of extending it to a ten-year term, subject to renewal under the same terms as initially granted. Beyond real estate investment, this visa also provides additional advantages, such as the opportunity to obtain a UAE driver's license if the individual already possesses one in their home country, without the need for driving lessons. Fair Property Prices Dubai has faced 7-years of slums but after this period Dubai real estate bounced back with a surge of 20% in prices. Ever since property prices have been increasing due to the flow of foreigners from around the world. Dubai's real estate market has achieved a noteworthy 17% share of global luxury property sales, thanks to significant investments from affluent individuals. Although many people are investing in Dubai's real estate market, the property prices remain reasonable. As per the reports from Arabian Business, Dubai's per capita GDP is five times higher than London's property prices, but Dubai's prices are six times more budget-friendly than those in London or Hong Kong.

Cons of Investing in Dubai Real Estate There are also some cons that a client needs to know before investing in Dubai real estate. Take a look at the cons.

Regulatory and Legal Requirements Investing in Real Estate Developer in Dubai in foreign countries requires a thorough understanding of the local legal and regulatory systems. Dubai's real estate market has undergone recent changes, implementing more strict regulations to safeguard the interests of investors. While these changes promote transparency and stability, they may pose challenges for international investors. Therefore, it is advisable to consult with experts and continuously monitor the evolving regulations before making investments in Dubai.

Mortgage Charges When you plan to invest in Dubai, first you should consider mortgage charges because here in Dubai, banks charge fees for processing, valuation, and mortgage registration. This will affect your overall expenses, so you should be vigilant in all of this process for your financial feasibility.

Final Conclusion of the BLOG So, there are many pros and cons if you are interested in investing in Dubai’s real estate market, as we already know that Dubai is progressing every year and attracting clients from all over the world. The prices of the properties in Dubai are very affordable because of the investors' investment in Dubai, and in the coming years, the prices will go down more. Also, at the same time, there are cons to investing in the Real Estate Developer in Dubai market of Dubai, and these include the strict regulatory and mortgage issues. So, it is pertinent to mention here that if you are planning to invest, then you should consult with experts and continuously monitor the evolving regulations before making investments in Dubai.

[olko71]

New Post has been published on All about business online

New Post has been published on https://yaroreviews.info/2023/12/homebuyers-stress-over-impact-of-cts-cyber-attack

Homebuyers' stress over impact of CTS cyber-attack

Getty Images

By Kevin Peachey

Cost of living correspondent

Homeowners and buyers have spoken of their “serious stress” after a cyber-attack played havoc with property completions.

CTS, which provides IT services to law firms, said systems were still not back to normal after more than three weeks of disruption.

Conveyancers have found workarounds that have allowed many people to go ahead with purchases.

But the scale of the problems has still not been revealed by CTS.

The company said it was “working around the clock” to restore systems, and had made “significant progress”.

“This is a very complex situation and, at this time, our focus remains on restoring those clients whose systems have been disrupted,” it said.

“We are keeping our clients updated and are in contact with the regulators.”

However, individuals whose home moves and mortgage completions have been affected by law firms’ inability to access documents said they were frustrated at the lack of communication.

One 33-year-old, who is buying a first home with his partner, said there had been few updates, and the last few weeks had been “seriously stressful”.

He said he was still concerned about whether all his personal details were safe.

Alice Fenton

Generally, on property completion day, the buyer’s solicitor arranges for money to be transferred to the seller’s solicitor. A failure to complete is technically a breach of contract.

The problem at CTS is having a knock-on effect on the firms involved in property completions.

Alice Fenton and her family faced delays trying to complete the purchase of a property in south-east London.

The 35-year-old’s mortgage offer was extended by the loan provider, and she is set to finally move on Monday. However, she described the experience as extremely stressful and chaotic.

Cyber-attack leaves home sales in limbo

‘We don’t know if we can complete on our new home’

Another homeowner affected, who did not want to be named, said he had been temporarily forced on to a more expensive variable rate mortgage because his new loan was unable to complete on time.

He and others have faced extra costs, but remain unclear about where to go for compensation.

The Solicitors Regulation Authority (SRA), which regulates law firms that carry out conveyancing, said anyone with complaints should initially contact their law firm. It is likely that these firms, in turn, may seek their own compensation from CTS or its insurers.

A spokesman for the SRA said a growing number of firms had informed the regulator about having been affected.

But he said that law firms had regularly been advised to ensure alternative options were in place should cyber-incidents occur.

A spokesman for the Information Commissioner’s Office (ICO), which regulates CTS, said: “People have the right to expect that organisations will handle their personal information securely and responsibly. If an individual has concerns about how their data has been handled, they should raise it with the organisation first, then report them to us if they are not satisfied with the response.”

He said CTS had told the ICO about the incident and the regulator would be “making enquiries”.

Related Topics

Money

Personal finance

Housing market

Mortgages

More on this story

‘We don’t know if we can complete on our new home’

28 November

Cyber-attack leaves home sales in limbo

27 November

[ukimmigrationmatters]

Stock up on CANDLES, Torches and Battery Powered Radies, Dep PM Warns

 Deputy Prime Minister, Oliver Dowden MP has issued a warning to British people to prepared for power cuts and cyber attacks by keeping a supply of candles, flashlights and battery powered radios.

 Announcing the formation of a ‘resilience academy’ he advised Brits  to prepare for communications blackouts and retain their ‘analogy capabilities’.

 In this video:

 ·        Prepare for disaster, government warms

·        What are ‘reverse ATM machines and why should you care?

·        Two year fixed rates fall below 6% as mortgage rates ease

·        Mobile phone companies overcharged 28 million customer

·        Why you should not be jealous of wealthy billionaires

 See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA

 If you are suffering from section 24, join us for a free landlord Sec.24 tax seminar live in London this month.

Prepare for what’s coming….

Unlocking The Secrets Of Financial Freedom - How To Master The Art Of Wealth Building In 3 Simple Steps

I want to show you exactly how you can:

•       Not only survive, but thrive in a recession or depression?

•       Get control of your finances and spending?

•       Save and invest for your future?

•       Learn about money and finance?

·        Develop a millionaire mindset.

To help you, I am running a free training webinar.  

Unlocking The Secrets Of Financial Freedom - How To Master The Art Of Wealth Building In 3 Simple Steps

I want to help you get control of your money, learn how to invest and become financially free by developing a millionaire mindset – which is not about buying flashy things and looking rich!

Join me online on my free live money management training Wednesday at 8.00PM.

Places are limited, so register now below to avoid disappointment.

https://bit.ly/3QPp8IH

 #mindset #money #wealth #landlord #property #financialfreedom #stockmarket #invest #pensions #millionairemindset #georgeosbourne #sec24tax #transferpropertytolimitedcompany #wealth #amazon #bezos

[providenceproperty]

5 Budgeting Tips For Landlords In London: How To Make Your Rental Property A Profitable Investment?

Investing in a property to earn rental income can be a rewarding experience, but it is important to understand the challenges that come with the decision. The rental market in London is extremely competitive with high prices. Familiarising yourself with local tenancy laws and working with a manageable budget is crucial to succeed in this space. To safeguard your investment against natural disasters such as fire, flood, earthquakes, etc., getting your rental property insured is a must. Tracking and recording all your expenses and income is vital to ensure you stay on top of your paperwork and pay relevant taxes. As a landlord, your rental property can be a great way to generate passive income. In order to make your investment profitable, it is important to budget effectively. We share 5 top tips that will help you budget like a pro:

Understand Costs

Apart from setting aside money to invest in the property, it is vital to understand other payments associated with the purchase. Mortgage payments, property taxes, maintenance and repairs, utilities, and other expenses add a significant chunk to the base purchase cost. A survey by the National Landlord Association estimated the average monthly cost of owning a rental property at approximately £2,000.

Set A Realistic Budget

Once you have a better understanding of the costs involved, begin plotting your budget. Be realistic and factor in extra money for unexpected expenses due to repairs or vacancies. Keeping your property well-maintained and in good condition is important to attract high-value tenants and avoid costly repairs. Make it a habit to budget for regular maintenance and repairs. As a rule of thumb, set aside 10% of your rental income for such unexpected costs. 

Automate Processes

Avoid relying on traditional bill-tracking systems to manage your investment. Make use of digital products and automation tools to make bill payments convenient. These are usually free or available at a nominal cost and will come in extremely handy to set up automatic payments and avoid late fees, especially when paying for mortgage, rent, property taxes, and utilities.

Track Expenses

Just as maintaining paperwork related to your property, mortgage, and utilities is important, so is tracking overall expenditure. This simple habit will help you get a clear picture of where you are spending money and help you stay on budget. Make use of budgeting apps and software programs that are designed to help you track expenses.

Emergency Fund

An emergency fund is a must for every landlord. This will help cover unexpected expenses, including major repairs or a long vacancy period when you are moving between tenants. It is advisable to account for at least 3-6 months of living expenses in your emergency fund.  Apart from the above tips, being aware of your area’s rental market is also important. Good hygiene practices for your investment include staying updated with the average rent prices, occupancy rates, and tenant demand. You can find this information by doing a quick search online or enlist the help of a local property management company for in-depth information.

To safeguard your investment further, make sure you get professional advice from a property management company or lawyer. Doing so will help you avoid costly mistakes while complying with all relevant laws and regulations. A do-it-yourself approach to managing your budget and property may only sometimes be feasible, especially if you are a first-time property investor. Consider a reliable property management company to handle different administrative aspects of your investment. This will help to free up your time, allowing you to focus on other aspects of your business more effectively. 

[lizseyi]

SCI CRT Awards: Law Firm of the Year | Capital Relief Trades - Structured Credit Investor

Clifford Chance’s stated objective is to be the leading law firm in the CRT market, advising on nearly every transaction and leading the sector’s evolution. In recognition of its success, the firm is SCI’s CRT Law Firm of the Year         

Given how both the firm’s practice and the market have grown over the last 20 years, Clifford Chance views its CRT activity as a partnership with the industry. “There are the originators, the investors and the regulators, and we see ourselves as the next pillar in delivering both economically and from a regulatory perspective in terms of what each party is trying to achieve. This model that we've been pursuing from the get-go has meant that we're with all of those participants through both the good times and the dark days,” says Jessica Littlewood, a partner in the London office.

Tim Cleary, a partner at the firm, adds: “Our goal has always been to have the biggest team with the most expertise; to be in a position to advise market participants, regardless of their strategy, what type of transaction they're looking to execute and which jurisdiction they're in. We are the only firm that offers this full-service approach.

Cleary explains that the firm seeks to be at the forefront of market evolution. “A key development this year has been the expansion of the Canadian CRT market, which went from one originator to a position where now all five of the large Canadian banks are active. Another growing market has been Poland, where there had been a very small amount of activity with the EIF in the past, but last year saw a number of private sector transactions come to market. We advised on all of those and are involved with a number of further transactions in the Polish market,” he adds.

Gareth Old, partner at Clifford Chance in New York, expects the US to be the next big CRT market to open up. He says there are three strands to this development.

First is the regulatory side, with the introduction of the new Basel 3 Endgame. We are working through this lengthy document and we're acting for the trade groups in terms of the responses to that and making sure that it works and aligns with practical and executable transactions that are consistent with the way the market needs to develop,” he explains.

Then there is the wider regulatory framework, he points out. “There's one thing for the bank to say it couldn't get the capital relief that it’s looking for. But there are other aspects, like how does this work with insurance rules and commodity pool regulation. There are a lot of non capital-based regulatory, safety and soundness issues, which banks really need to work through with experts. So that's what we are doing, where we sit alongside the banks and their regulatory accountants, as they're developing their expertise.         

The third aspect is that the US market appears to be developing in two parts. “There are the specialist investors who are the CRT experts and they are particularly active in areas such as corporate credit and subscription loan transactions. They're looking at this as being a specialised market, but the real differentiator for the US is actually in terms of the consumer assets and residential mortgages, where a lot of the growth will come from traditional investors in the cash securitisation market getting comfortable with the synthetic model. This is where an awful lot of the scale is going to come in the US market,” Old observes.

Investors are also interested in being able to use CRT investments in the same way as they can in the cash securitisation market. “For example, repo and loan-on-loan type financing and leverage based on those exposures. So, we're also working with investors to build that up. One of the things that's interesting is that in many transactions, we act for the issuer in terms of issuing the securities, as well as acting for the investors setting up entities to hold their investments,” Old says.

He continues: “It’s clear that capital requirements are increasing for banks, and that includes small, medium and large banks. It's also clear that capital is very expensive for them and that the regulatory requirements for enhanced capital is not going to let up, so what I think we are experiencing already is bank treasurers and bank risk managers recognising that is the current state of play. And they're moving towards issuance of credit risk transfer transactions, which are the alternative capital management tool to raising more capital.        

Looking ahead, Littlewood does not expect revolution in the market this year, but instead a continued expansion. “There are some jurisdictions where it would be nice to see the regulator open the doors. Australia is still one where it doesn't look like the regulator is budging, but we live in hope. I think we'll see a steady evolution of the market – deepening and broadening – as it grows in a healthy way.

Indeed, largely driven by the STS framework, standardised banks are becoming a larger constituent of the market. “Standardised bank issuance volume is never going to come close to that of the larger banks. But the CRT product bedding down throughout the industry has been a really interesting development and one that I think is going to continue, notwithstanding some of the headwinds that come up,” Cleary concludes

Honourable mention: Cadwalader, Wickersham & Taft

Cadwalader has seen a meteoric rise within North American CRT endeavors throughout the award's timeline, serving as legal counsel for issuers and investors in the majority of transactions that came to the market. The firm showcases proficiency in both legal and structural aspects, including on-market commercial terms, and a deep bench of first-in-class representation. Its leading CRT services are complemented by top-tier practices in relevant asset classes, pivotal to effective risk transfer.

For the full list of winners and honourable mentions in this year’s SCI Capital Relief Trades Awards, click. here

[if-you-fan-a-fire]

"EVICTED ADVISED TO DEMAND BOARD," Toronto Globe. April 19, 1933. Page 3. ----- London Unemployed May Adopt New Plan if Moved From Homes ---- HOUSING ISSUE ACUTE ---- (Staff Correspondence of The Globe.) London, Ont., April 18. - Responsibility for the eviction of the family of R. Blackburn, Mill Street, passed today to the Sheriff, as Judge A. A.Ingram, issued a writ of ejectment returnable by April 29. Last week, several hundred members of the London and District Unemployed Association gathered at the Blackburn home whenA. C. Mitchell, bailiff, essayed ancviction. By the passive resistance process of sitting on the furniture they held the fort. If the Sheriff is so resisted when the next attempt is made he will be empowered to ask for police assistance.

However, it is reported that the unemployed have a different system under advisement. If they decide on the new plan they will advise th eBlackburns to move from the house without pressure. Today, Blackburn told the court he has been unable to find a landlord willing to accept a city relief order good for only $6.50 a month. If he is still in that position when the time to move arrives he will go with his family to the relief office and asked to be put up in a boarding house.

May Become "Boarders." The cost of that arrangement will far exceed the disputed rent and the expectation, is said to be, that the city and Province will be forced to yield from further drastic enforcement of the Campbell report. The city has never yet allowed a family to remain overnight without shelter, and if the new policy proposed to the unemployed is adopted all families now threatened with eviction will prepare to become "boarders."

Judge Ingram commented during today's hearing that landlords should be glad to rent their houses for taxes and that mortgagers should also be happy to see only the taxes paid. The unemployed maintain, however, that the Judge is in error in his apparent belief that there are many vacant houses in London. It is said that virtually no small houses are vacant in the city, but there is a fair selection of larger and older houses at $35 or more a month. All these are three and four bedroom dwellings, but the owners in many cases are refusing to accept relief tenants.

Children Transferred. Action in Supreme Court here to have Mrs. Mary Bradford committed to jail for refusing to yield custody of her children to her husband, Peter Bradford, of St. Marys, resulted in transfer of two daughters and a son to their father, pending trial of the issue before Judge Killoran at Stratford on April 28. Bradford removed to St. Mary's with his children after becoming estranged from his wife here. The Court was told by A. M. Lebel, counsel for Bradford, that the Magistrate and Chief of Police of St.Mary's passed the children back to their mother, but Bradford appealed to the Judge at Stratford, who fixed a date for trial and issued an interim order in favor of Bradford. When he presented the order in London, however, his wife is said to have evaded him, Bradford thereat moving in Supreme Court to have her committed for contempt. Mrs. Bradford at first declared she was ready to go to jail, but ultimately yielded.