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MEX probe into self-cert allegations continues

Mortgage Express is continuing its investigation into allegations that one of its sales team advised brokers how to fill in self-cert mortgage applications fraudulently.

A source tells Mortgage Strategy that one broker voiced concerns to senior management at MEX after he was advised by one of its BDMs on how to exploit loopholes in a self-cert application. MEX says it is taking the matter seriously and if necessary will take disciplinary action.

A spokesman says: ” We are investigating allegations about comments made by a member of our sales team and if necessary will take disciplinary action. We are taking this matter seriously and hope to resolve it soon.”


Skipton appointment

Jackie Didcock has been appointed Skipton’s regional intermediary sales manager for the North of England. She will be responsible for the 10 sales managers between Aberdeen and Nottingham.

GMAC-RFC reports 79% broker satisfaction

GMAC-RFC says that over three-quarters of brokers are satisfied with its level of service. A recent survey shows 79% of brokers said the service was above or better than average and 67% reported turnaround times were good or excellent. GMAC-RFC attribute its competitive standards of service with its POSD system, which benefits brokers by freeing […]

6% AER current account launched by Abbey

Abbey has launched the highest paying current account rate available in the UK and a competitive fixed rate monthly saver account. The accounts, both launched on October 3 are paying six% gross Annual Equivalent Rate, guaranteed for 12 months. However the offer is only available for a limited time and has restrictions.The current account rate […]

Griffiths’ argument for higher proc fees is woefully thin

From Jeff Sutherland-Kay I suppose I should be flattered that Richard Griffiths has mentioned me twice in his recent scribblings, but his column in Mortgage Strategy on September 26 is just not right. He tries to make the argument that lenders with branch networks use the intermediary channel to subsidise the costs of branch-based lending […]

The Perils of Passive Investing

The era of loose monetary policy created an environment that rewarded passive investors in the US. However, with the US raising interest rates for the first time since 2006, Felix Wintle explains why he believes active investing will be more important than ever. In the video Felix discusses: The rising cost of capital and its […]


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