Two more packagers join Co-operative

Advantage Mortgage Services and Pavillion Securities Limited have joined the Mortgage Distributors Co-Operative.

Keith Dearling, director of Advantage, says: “We are very pleased to be part of this exciting initiative and the product range on offer compliments our strengths in the market.”

Tony Hughes, managing director of Pavillion, says: “The Co-Op is a natural fit for our business. It gives us access to exclusive products we may not otherwise have had. This will add to the value of our company and our ability to service our customers needs.”

The nine packagers now on board the Co-op expect to distribute some £7bn worth of completions in 2003.

Mark Charlesworth, chairman of the Co-Operative and managing director of founding member The Mortgage Operation, says: “We are extremely pleased with the response from both lenders and distributors and expect further developments in the near future.”