Capital Home Loans has launched an e-conveyancing service that prom-ises to undercut traditional sources while maintaining service levels.The service goes live on CHL’s website this week and provides brokers and their clients with a conveyancing service which the lender says is around 100 cheaper than high street providers on a typical 100,000 mortgage. CHL has appointed a network of conveyancers to ensure brokers are able to gain access to conveyancers throughout the country. The service offers guaranteed quotes, discounts for portfolios and email or text updates. Users can track cases online 24 hours a day, add preferred solicitors to the panel and benefit from a no sale, no fee guarantee. Brokers get up to 200 per case plus a vehicle for them to provide Home Information Packs. Bob Young, managing director of CHL, says: “We are providing an option whereby everyone benefits. Consumers get more choice of conveyancers and quotes that will be difficult to beat while brokers have access to an additional income stream and a service that will eliminate a lot of the uncertainty in the conveyancing process.” Young adds that only 25% of the market is using e-conveyancing, with high street providers still having the bulk of business. But he adds that online providers are rising in popularity as people catch on to the fact that cheaper deals are often found on the internet.
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Bridging finance lender Cheval has been bought by investment partnership Credit Investments, one half of which is the UK owner of Domino’s Pizza. Credit Investments is owned Colin Halpern and Ellis Sher. Halpern is an experienced entrepreneur who bought in 1993, with his brother Gerry, the UK and Ireland franchise for Domino Pizza. Together the […]
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 […]
Freedom Lending, the specialist lender, has added The Mortgage Times Group to its panel of distributors.Freedom Lending is making its full product range available via MortgageTimes, which includes prime, sub-prime, self cert, let to buy and buy to letmortgages. Freedom Lendings product features include its popular affordability calculation, no credit scoring, self-cert to 90% LTV, […]
The latest annual results from Alliance & Leicester have revealed a drop in unsecured loans.Unsecured personal loan gross advances were 565m in the first quarter of 2006 compared to 890m in the same period last year. However, the bank says unsecured loan balances remained stable compared to the end of 2005 at 3.5bn. Sales of […]
The positivity at RESI was pleasing to see, with lots of encouraging discussion about the private rented sector (PRS), the possibility (or hope) of stamp duty cuts on the way in the Autumn Statement and the general prospects of residential property in this post-Brexit vote world. However, that positivity was often tinged with some negativity […]
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