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Liverpool Victoria raises commission on Exweb

The commission has risen from five to 10 lautro points as a result of the high volumes of business that The Exchange generates on Exweb. The Exchange has recently announced that it has processed 100,000 transactions via Exweb.

Rye Mills, director of the intermediary division at Liverpool Victoria, says: “The Exchange&#39s quote and transaction volumes are considerably higher than the other portals which makes it commercially attractive for us to offer higher commissions for business we receive via its service.

“The Exchange has been making good progress recently in developing its service to make it easier for intermediaries to submit applications electronically and we are pleased to support its efforts.”

David Child, managing director at The Exchange, says: “These arrangements form part of our commitment to working in collaboration with product providers to deliver electronic business services that benefit intermediaries and their clients. We are confident Liverpool Victoria will benefit from increasing volumes of business.”

The Exchange enables intermediaries to quickly and easily submit applications electronically either via its own Exweb Buy service or by linking to a good range of product provider extranet services. By doing this intermediaries can benefit from enhanced commission where available and faster payments. In addition the built-in validation capability of the service reduces the risk of errors being made on application forms.


Abacus launches product range with Friends Mortgage World

Marc Turner, head of sales at Abacus Permanent, says: “We are delighted to be able to offer our products to intermediaries and to be affiliated to this leading network. “Since the launch we have rapidly grown to be considered one of the market leaders in branded lending and this will undoubtedly increase distribution even further. […]

Ethical gets MTA letter

Steve Royal, chief executive at Ethical, tells Mortgage Strategy: “Obviously I&#39m delighted. We now have 80 franchisees and will be launching nationally in the autumn, with advertising in both the Yellow Pages, on Sky and other media sources.” Ethical Mortgage Solutions has also revealed that Jim White of Jim White&#39s Mortgage Solutions has been appointed […]

Will there be a cut in Stamp Duty soon?

Blair told Labour Party workers: “We will increase the supply of new housing and will be helping people to get onto the housing ladder.” This sparked hopes that a cut in Stamp Duty may be on the cards for the first time since 1963. So, Mortgage Strategy asks: “Do you think a cut in Stamp […]

SMS markets products from London Mortgage Company

LMC has also launched a 2% discount until December 31 2005, and a separate 1.75% discount until June 30 2006. Both special payment options are available on all of LMC&#39s current products. Kelvin Cooper, managing director of SMS, says: “This is a welcome addition to SMS&#39 broker armoury. It adds an extra dimension that extends […]

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What price (more) freedoms?

George Osborne will make his last Budget speech of the current parliamentary term this week, and the early media briefings suggest that pensions will again feature heavily in that statement. So what are we able to learn from the weekend’s coverage?


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