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Bradford & Bingley renews sourcing deal with Mortgage Brain

Bradford & Bingley plc has announced the renewal of their mortgage sourcing systems with Mortgage Brain.

The Bradford & Bingley Group is the largest provider of independent financial and mortgage services in the UK, and houses both the MarketPlace and Charcol brands. Mortgage Brain has been reselected as the exclusive external mortgage sourcing engine following a review of the market, Mortgage Brain will be accessed regularly by an estimated 1,000 professional advisors within both MarketPlace and Charcol.

Russell Gould, online development director of Charcol, says: “While accuracy, mortgage regulation and technological advancements within the mortgage industry are paramount, our assessment of Mortgage Brain highlighted that they are both prepared for future development and able to meet our existing mortgage sourcing requirements.

“We are confident that the new management team, with the commitment of the consortium owners, will provide the right level of service to meet our ongoing and future business needs.”

Mark Lofthouse, chief executive of Mortgage Brain says: “We look forward to continuing working closely with the Bradford & Bingley Group. Their endorsement of our mortgage sourcing service and online trading strategy going forward is welcomed as we are both totally committed to delivering the highest quality services and products to all Mortgage Introducers and their customers.”


Paper tiger

Last Monday, the Financial Services Authority published Consultation Paper 146: The FSA&#39s approach to regulating mortgage sales. From around mid-2004, intermediaries that sell mortgages will need to be authorised by the FSA. Mortgage supremo Sarah Wilson, director of the FSA&#39s high street firms division, says the regulator wants to make sure that “consumers get clear […]

Buy-to-let left out of regulation loop

The Treasury has ruled out regulation of the buy-to-let mortgage market.It is sticking to the view that buy-to-let mortgages constitute a commercial transaction – despite calls from consumer bodies, lenders and intermediaries that the sector should be regulated.The Treasury says it “believes that the definition of a mortgage is the right one and that there […]

First Title appoints new business development director

First Title, provider of title-related services, has announced the appointment of Phillip Oldcorn as underwriting and business development director. Oldcorn was previously involved in developing First Title&#39s commercial property title insurance services. First Title, a wholly owned subsidiary of the First American Corporation, counts Halifax, Alliance & Leicester, GMAC-RFC, Intelligent Finance and the Woolwich among […]

The end of the beginning

From John MawdsleyDoes CP146 mean we have seen the end of the beginning for mortgage regulation? Borne out of The Mortgage Code, CP70, CP98 and a further consultation period by the Treasury, with the publication of CP146, it looks as though the FSA has now comprehensively grasped the nettle. We welcome the clarification that CP146 […]


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