View more on these topics

Optoma&#39s online boost

Optoma is increasing the proc fee for Abbey online submissions to 0.35%.

The company says that this is to support the thousands of brokers who are now unable to claim through the Legal & General mortgage club.

Andrew Seymour, chairman and chief executive at Optoma, says: “Brokers should be rewarded for submitting online as they are saving lenders millions of pounds. Optoma has increased the fee to reward the broker but also to show lenders that brokers will embrace IT if rewarded. After all, this is a commercial world.”


RAMP launches first exclusive product range

The Regulatory Alliance of Mortgage Packagers has launched its first range of exclusive products. A cashback buy-to-let tracker, a cashback self-certification tracker and a non-conforming minor adverse self-certification product. The mortgages are being introduced with the support of Platform and are only available through RAMP members. The alliance believes that the three products are among the […]

RICS says no to regulation

The Royal Institute of Chartered Surveryors says it is vehemently opposed to plans to regulate the general insurance market and wants the FSA&#39s tanks off its lawn. It says that further regulation of general insurance activity within property and construction would be, unnecessary, bad for business, expensive, anti-competitive and counter productive In a letter to […]

The Exchange to launch Special Risk Centre

The Exchange is to launch a Special Risks Centre on Exweb which will enable fast and efficient processing of non-standard life and protection cases. The key benefits of the service are expected to include making non-standard terms more competitive and accessible as well as reducing costs for both intermediaries and product providers. Research by The […]

Home finance event will look to the future

UKValuation has announced the inaugural session of its 2004 Home Finance Forum Event in association with Mortgage Strategy magazine. The event, which brings together influential mortgage industry players from the lending, legal, surveying, insurance and broking sectors, will be held at Cranfield School of Management on April 23 in Bedfordshire. The day will be facilitated […]

Don’t play chicken with the Bank of Japan

By Josh Ausden, Head of Client Investment Strategy, Neptune Short-term yen strength has hurt the Neptune Japan Opportunities Fund but recent events have only added weight to our conviction that the Bank of Japan will act to ease policy, boosting multinationals’ profits and weakening the yen. In recent weeks the performance of the Japanese stockmarket […]


News and expert analysis straight to your inbox

Sign up