View more on these topics

Firms must add value and create opportunity

It may appear that UNIFi has been very quiet over the summer months, what summer you might say.

The wettest August on record has reflected the mood of the nation and the unfortunate state of the economy.

Thank heavens for the brilliant performance of Team GB at the Olympics, especially those medal winners and just as important those who don’t get the publicity reached finals for the first time and achieved personal bests – these are the guys and girls we hope to see in 2012.

It is going to take a very brave person indeed to predict what the economy or the second mortgage industry will look like in four years time, four months is even a tough call.

Whatever the size of the firm, I do not believe there is one company who hand on heart can say they will be here in 2012, in business and in the secured loan market.

So during these supposedly quieter months we at Unifi have been taking stock, consolidating the Vantage group business, looking to see how we can diverse and provide more services to our members.

We have negotiated a deal with one of the leading valuation companies, Spinnaka, we have looked long and hard at the sale and lease back market, provided asset finance and leasing facilities to our membership base and made large improvements (and no little investment) into our unique unsecured portal.

We are continuing to speak to unsecured lenders who we can add to the portal and allow more customers access to the funds they require.

We were delighted to be the first network to have access to Link Lending’s new second charge product and are looking very closely at the protection market.

There is no quick fix to the issues and I know everyone just wants the competition commission to publish its final report and recommendations, we can then finalise our plans and provide options to our members but crucially have the confidence in providing a product that customers need.

In summary, the miserable summer has allowed us to focus on
what lies ahead and as our motto says: add value and create
opportunity lets hope this leads to dryer and brighter autumn.


Order of the phoenix firms is growing

The phrase ‘phoenix firm’ may conjure up images of rebirth but many in the mortgage and loan industries wish these companies would stay dead and buried.

Merrill axes Wave

Rumours are rife in the industry that Merrill Lynch has shut down its remaining UK specialist mortgage lender Wave.

Health Shield

Product guide — health cash plans to suit all shapes and sizes

This guide, called ‘Health cash plans to suit all shapes and sizes’, provides information on Health Shield’s standard and tailored cash plans, which are designed to satisfy all business and employee needs. Each scheme can be offered on a voluntary, company-sponsored or flexible-benefits basis.


News and expert analysis straight to your inbox

Sign up