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Most readers doubt value of packager code

Some 63% of Mortgage Strategy Online readers doubt that a code of conduct for packagers will help them improve their service to brokers. Just 37% think it would be beneficial.

This week, Mortgage Strategy asks: “Do you support the recent proposal for an industry-funded compulsory insurance plan to help borrowers avoid repossession?” Q: Will a code of conduct for packagers help them improve their service to brokers?

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Thinking big

As a core part of parent firm Friends Provident’s strategy, Sesame has the resources, size and scale to ease the path for its broker members, says head of mortgages and general insurance John Cupis. Christine Toner reports

Orbiter offers brokers submission choice

Orbiter, the new company comprised of Oppono, TFC Homeloans, TFC Commercial, Home Estate Agency, QPAC, and Mortgage Branding, has pledged to offer brokers a choice in the way they submit business to mortgage lenders.Brokers using Orbiter will be able to choose whether to submit applications direct to lenders or via a packaging facility. The proposition […]

Dear Delia…

Dear Delia, My clients are looking to buy a rundown bungalow built in the 1930s with no kitchen or bathroom facilities. It also has substandard wiring and requires complete renovation to be habitable. They have a good deposit and funds for the renovations and the asking price is reasonable too. I’ve contacted my usual lenders but they all say no. Can you help?

Cheval brings home award

Cheval Property Finance has been named best bridging finance provider of the year by Business Moneyfacts. Mark Posniak, Cheval’s director of sales and marketing, says: “Winning this award is a feather in our cap.”

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