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AToM claims it pays top proc fee

All Types of Mortgages claims it pays brokers one of the highest proc fees in the industry. Internal research by AToM, shows on average it pays a higher proc fee than the industry norm. The research also highlights the wide variation in fees paid by packagers for the same products from the same lenders.

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Money Partners launches direct-to-broker brand

Money Partners has revealed the total acquisition of Residential 1 in order to launch into the direct-to-broker market through direct channel brand Money Partners Touch.Money Partners Touch is the new direct-to-broker operation of Money Partners dedicated to non-packaging brokers, introducers and IFAs. Operating out of Bromley, south London, it will provide introducers and advisers with […]

Nationwide reports 34% increase in gross residential lending

Nationwides half-year results show gross residential lending was up 34% to 14.5bn from the corresponding period last year.Net lending was up almost 50% to 5.9bn, the number of mortgage sales were up 17%, and the society appeared in mortgage best buy tables 272 times between April and September 2006.The results show that Nationwide’s three month […]

Brokers beware

The sub-prime market is lucrative and growing but brokers could be treading on thin ice if they get involved, as the FSA clamps down, says Thomas Reeh

Favouring B2L is unfair on first-timers

Abbey hit the headlines earlier this month with the news that it is to offer up to 5 x borrowers’ salary because income is not keeping up with spiralling house prices.

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