View more on these topics

RBS to create a single intermediary channel

Royal Bank of Scotland is to create a single intermediary channel for all its mortgage products under the banner RBS Intermediary Partners.

The move follows consultation with brokers and reflects their desire for a single point of entry to the group for all the RBS mortgage brands.

Each of the brands will focus on a market segment and importantly, brokers will benefit from a single point of contact for their sales and service needs rather than four. This takes effect from February 14 next year.

From this date, The One account will focus on current accounts and flexible mortgages, First Active will focus on remortgages, RBS on house purchase and NatWest on specialist lending.

Jayne-Anne Gadhia, managing director of RBS Intermediary Partners, says: “We spent time listening to brokers and how they’d like us to do things differently. RBS Intermediary Partners will offer brokers a simpler way of doing business with us.”

Duncan Pownall, mortgage development manager at Bradford & Bingley, says: “It will make transactions easier and clearer for intermediaries and consumers. It will also save time and make for better service.”


Reversions closer to regulation

Safe Home Income Plans has welcomed the news that the government has taken another step toward the regulation of home reversion schemes. Parliamentary moves mean Royal assent for legislation could be granted by the end of the year, speeding up the consultation process. This could be completed in Q3 2006 with regulation in place by […]

Scotter and McCormick to leave Skipton

Skipton will bid goodbye to Alan Scotter and Ron McCormick as they take early retirement to focus on different business opportunities.Clocking up 45 years with the society and its group between them in a number of roles, their most recent positions have been as group commercial directors. Through their work with the society and its […]

C2 extends cashback and valuations offer

national packager and branded lender c2 is further expanding its cashback and free valuation offer on all cases received after December 12. The company is offering a 1.25% proc fee and 0.5% cashback plus free valuation on the GMAC-RFC three-year packager fixed rate with no extended penalties available up to 95% and with rates starting […]

MMD condemns governments SIPP u-turn

My Mortgage Direct has condemned the government for taking away a much-needed savings vehicle by excluding residential property from the SIPPs rules.The chancellors U-turn in this weeks pre-budget report should not have come as a complete surprise, says Cath Hearnden, director of MMD. Hearnden says: We have always been slightly nervous of this scheme, simply […]


News and expert analysis straight to your inbox

Sign up