View more on these topics

B&W transforms its mortgage processing

Bristol & West has announced a plan to consolidate its mortgage processing into two centres, based in Bristol and Solihull. This would involve the closure of its distributed mortgage processing units during 2006.

The announcement has been made well in advance of the change in order to ensure a smooth transition for brokers.

The move will enable B&W to build its capacity in line with current strong growth, and take advantage of economies of scale to deliver a highly flexible and responsive processing service. The change will also enable the business to exploit a significant investment in technology which includes a new broker website.

Roland McCormack, head of Bristol & West Mortgages, says: “We are looking forward to growing our market share in 2006. This consolidation programme will move us toward the efficiency and preparation for growth that we are anticipating. During the programme we will be open for business as usual.”

Recommended

Messy neighbours can scupper house sales

Yorkshire Bank says a messy neighbour can greatly influence the selling of a house. A survey by the bank finds one in three people would be put off buying a property if the house next door looked in a state of disrepair or had an overgrown garden. A further one in five would turn their […]

Free valuations and cashback deals from Advantage and GMAC-RFC

Advantage is to give free valuations and cashback deals on all G200 box products, funded by GMAC-RFC.This now ensures that brokers and their clients get the same deal financially by going to Advantage as they would by going direct to the lender.Kate Huet, marketing director at Advantage, says: There is a perception in the market […]

Banks join forces to offer Islamic B2L mortgage

Bristol & West and ABC International Bank have launched a buy-to-let mortgage for the country’s two million Muslims. This is the latest in a range of home finance products offered by the two banks, designed specifically to comply with Sharia, Islamic law. While the product’s structure differs from conventional interest-based mortgages to ensure compliance with […]

Optimism over equity release

The majority of advisers believe the equity release market will continue to grow over the next six months. A survey by Norwich Union Equity Release reveals 87% of advisers expect to be writing more business in the next six months compared with 75% a year ago. The 200 advisers who took part in the poll […]

Newsletter

News and expert analysis straight to your inbox

Sign up