Beacon Mortgages was established in August 2003 as the packaging arm of the Beacon Group, to accompany the investment arm Beacon Asset Management. Bananas Inc formed just a few months prior to this, as the broker arm of the then privately owned direct to consumer business mdnationwide.
In April 2007 the Beacon Group purchased mdnationwide and Bananas Inc to enhance the group proposition, and offer an expanding range of financial solutions to businesses and the public alike.
In July 2008 the trading style “Beacon Mortgage Packaging Ltd” was applied to the businesses of Beacon Mortgages Ltd and Bananas Inc Ltd. In September 2008 the successful merger of Beacon Mortgages Ltd and Bananas Inc Ltd was completed to create Beacon Mortgage Packaging Limited, a single company which continues to provide an invaluable, professional mortgage packaging service to mortgage intermediaries.
An increasing number of people are cutting back on their pensions contributions because of the economic downturn, Prudential has found. Full story...
People should make sure that they check their financial situation regularly to make sure they are protected if they are put out of work. Full story...
Home sellers in London must make sure that they price properties appropriately, an expert has said. Full story...
The news articles on our website are produced by Adfero Ltd and do not in any way represent the thoughts and opinions of anyone associated with Beacon Mortgage Packaging Services. They are purely here for the reader to obtain the latest news and breaking news from the world of finance.