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Fintal Exweb joins The Exchange

The Exchange announced the launch of Fintal Exweb, a new equity release referral service which aims to reduce the risk and cost in the first stages of the equity release advisory process.

David Child, managing director of The Exchange says: The launch of this new service is based largely on market feedback from our adviser users. With the launch of Exweb Fintal, intermediaries will not only be able to research, quote and source equity release products but also look at more detailed information.

Gareth Morgan, managing director at Ferret Information Systems says Exweb Fintal not only identifies the potential impact of equity release products for advisers and their clients, but also highlights unclaimed benefits, such as pension credits. This is clearly a win-win for advisers.”

Roger Hillier, product development manager at Mortgage Express, says “The partnership between The Exchange and Ferret is excellent news for the intermediary and it comes at an opportune moment. It helps to widen the intermediaries’ options in providing a robust sales process for equity release advice.


Platform unveils two products

Platform has launched a buy-to-let three-year tracker and a self-cert two-year tracker. The products are available up to 90% LTV via the following Platform partners – Home of Choice, Legal & General Mortgage Club, Mortgage Intelligence, Openwork, Personal Touch Financial Services, Pink Home Loans, Premier Mortgage Service and Sesame.


It was good to see swaps edge downwards last week but almost all of the decent fixed rates have already been repriced upwards.

Lending remains robust ahead of November rate rise

Mortgage lending rose by £5.5bn in October, the latest figures from the Major British Banking Groups has revealed.Ahead of November’s 25 basis point interest rate rise, the robust lending figures were up on September’s rise of £5.3bn. Total sterling lending to the UK private sector was up by 0.9%, showing a net underlying increase of […]

IDDs and affordability is a worry, says FSA

The Financial Services Authority says it still has concerns about Initial Disclosure Documents, with one out of two containing five or more errors.Speaking at the Mortgage Business Expo, Clive Briault, managing director of retail markets at the FSA, says although the regulator has been encouraged by the fact that consumers find Key Facts Illustration and […]


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