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Abbey goes live with integrated outsourcing solution

Brown Brothers Harriman has announced that Abbey has gone live with Infomediary, BBH&#39s integrated communications outsourcing solution.

Abbey is using the messaging capabilities of Infomediary to overcome the data communication challenges of collecting trade instructions from its many external sub-advisers and feeding them directly into its own internal accounting system.

Andrew Tucker, partner and head of Europe at BBH, says: &#34We are excited that Abbey has chosen to use BBH Infomediary. The client reception to Infomediary&#39s innovative approach has been tremendous. The Infomediary platform is a great example of bringing best-of-breed applications and modular connectivity outsourcing together to create a flexible and cost effective solution to the challenges of data communications.

“This model is applicable to a large number of firms and we look forward to applying Infomediary with future clients who wish to selectively outsource different back-office functions in a manner that meets their individual needs.&#34


Paul Thomas to head Opus Commercial

Paul Thomas, who last year quit as chief operating officer of Mortgages PLC, has joined Glasgow-based Opus Commercial as managing director. Mortgage Strategy exclusively revealed in December last year that Thomas, 48, was leaving the specialist lender. Thomas says he will now take responsibility for turning Opus&#39 commercial arm into one of the most respected […]

Buyers knock down prices with tough negotiation

Tough negotiation and reduced fees can save buyers as much as £24,750 on the average property price of £163,000, reveals the annual Cost of Moving survey from The Woolwich. Over one-third of house buyers negotiate between 6% and 15% off the asking price. The cost of moving from a £150,000 home to one worth £200,000 […]

Advance Home Loans launches S500 product range

Advance Home Loans, the branded lending arm of mortgage packager AdvantageMortgage Services, has launched its S500 product range funded by Southern Pacific Mortgage Limited. Advance already offers exclusive product ranges funded by Platform, GMAC-RFC, Mortgages PLC, First National and now SPML. Advantage believes that the Advance Home Loans product range will offer its brokers the […]

Lib Dems criticise rising lending multiples

The Liberal Democrats have warned that consumers are borrowing more on their mortgages than they can afford and many risk finding themselves in negative equity. The party is basing its warning on figures showing one in 10 borrowers have taken out a mortgage loan worth 4 x their salary or more. Vince Cable MP, Liberal […]


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