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3Mc bulks up underwriter team

Mortgage distributor and online packager 3mc has recruited four mortgage underwriters to join its team. Doug Hall, sales director at 3mc, says: “The underwriters will help us to continue to offer the best service to our broker customer base.”

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RICS faces an internal revolt over HIP stance

The Royal Institution of Chartered Surveyors is facing an internal revolt from members unhappy with the way it derailed the introduction of Home In-formation Packs. The trade body’s application for a judicial review last month effectively delayed the implementation of HIPs. But some members have launched an online petition calling for the instant launch of […]

Edeus agrees funding deal with Deutsche

Edeus has struck a funding deal with Deutsche Bank.Under the terms of the agreement, edeus will have access to 500m via a Deutsche Bank warehouse funding line. This is in addition to its current facilities and allows edeus to diversify its funding base and increase its liquidity.Ian Lonergan, chief finance officer at edeus, says: This […]

A&L advertising claim for B2L product is misleading

I would like to draw attention to a lender’s misleading advertising and marketing. Alliance & Leicester insists on associating a specialist buy-to-let rate with the words ‘100% rental cover’. But its calculation doesn’t refer to the pay rate which is in fact derived from the Bank of England’s base rate plus 1%. I suppose the […]

Radio guru underlines dangers of commission

Consumer champion Paul Lewis, presenter of Radio 4’s Money Box programme, has further clarified his position on mortgage brokers who receive commission and charge fees. At the Building Societies Association’s annual conference on May 23 and 24, Lewis stated that sales advice given by brokers paid by commission should be viewed sceptically by clients. Lewis […]

A question of service

Roy Armitage, head of credit, LendInvest Selling a loan is the part of a lender’s workload most visible to brokers and borrowers. Just as crucial – but less frequently observed – is how that lender services that loan. A commitment to quality servicing is one that’s front and centre for us at LendInvest and it’s […]

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