BM Solutions is planning to extend its pilot product transfer fees on sub-prime products to include its self-cert range.In March BM Solutions piloted a range of credit repair products for its sub-prime client base which included product transfer fees. Following positive feedback from brokers it is extending this pilot to cover self-cert, both sub-prime and mainstream. BM Solutions emailed brokers last Wednesday offering them a proc fee incentive if self-cert clients coming to the end of their mortgage terms with BM Solutions decide to remortgage with it. Matthew Grayson, spokesman for BM Solutions, says: “We’ve had great feedback from the credit repair pilot and because a percentage of sub-prime cases are also self-cert it was a natural progression to extend this offer to cover these products. “Although this isn’t always going to be a credit repair issue it’s still a viable option for borrowers as they still get advice from the whole of the market and, if they decide to stay with BM Solutions, they will incur none of the costs of remortgaging to a new lender.” The offer will be reviewed in July.
Chase UK has signed an exclusive deal with Direct Auto Financial Services, part of Provident Financial, to restructure the finances of its clients who are in minor arrears. With their permission, Direct Auto will refer clients who have equity in their homes but are struggling to afford their outgoings to Chase UK. The packager will […]
Fitch Ratings has affirmed HMLs ratings in recognition of HMLs proven credentials in administering UK residential mortgages, and acknowledging improvements in the operational effectiveness of the companys Londonderrry operation.Fitch rates European residential mortgage loan primary and special servicers on a scale of one to five, with one being the highest rating. Fitch upheld both HMLs […]
Bristol & West Mortgages has revamped its look to reflect improvements to its products and services. The new look retains elements of the previous brand but is more contemporary.
BritishInsurance.com in conjunction with Assurant Solutions has launched a new direct to consumer age banded Mortgage Payment Protection Insurance product which it claims provides the cheapest 12-month cover in the market.Available from www.bestinsurance.co.uk, the latest website to be launched by BritishInsurance.com, MPPI can be purchased at just 25% of the cost of 10 lenders. By […]
Two years since the process of auto-enrolment began, the looming re-enrolment deadline provides the perfect opportunity to assess whether the support you have in place, which may well have been hastily selected at the start, is fit for purpose. Johnson Fleming is holding a webinar on 10 September at 11:00 to discover the key issues and concerns you should consider when thinking about your current support options.
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