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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 our ability to fulfil client expectation. Clients with adverse credit can sometimes be turned down because of restricted income multiples. LMC have looked at the problem and come up with an enhanced product.&#39

Mark Wilson, sales director of LMC, says: “Market research highlighted the need to launch both a self-certification product and a full status product which meets the needs of borrowers who have higher levels of impaired credit.

“At a time when many lenders are concentrating on developing low adverse or near prime mortgage products, we felt that it was important to address the needs of high adverse credit borrowers as this is an area of the mortgage market which has not been so readily served with specialist mortgage product solutions.”


GMAC-RFC&#39s online system sees 20,000 decisions in three months

Jeff Knight, head of marketing at GMAC-RFC, says: “The reaction to the system is fantastic. We attribute this success to the fact that our unique online system is offering the best service &#45 and the mass appeal of being able to offer binding decisions.” GMAC-RFC&#39s online system differs from others which only offer online DIPs […]

Mortgage Next receives full authorisation

Martin Maynard, managing director, says: &#34It&#39s great news that Mortgage Next has received its part IV permission notice. Everyone at Mortgage Next has worked hard to prepare the business for regulation and we are now ready to provide a comprehensive support service for mortgage brokers. We can offer brokers access to market leading products supported […]

Preferred appoints inhouse PR

The company says that it has experienced significant growth over the last 18 months and recognises the importance of PR. John Webster, managing director, says: “We feel that this new appointment both reflects our strong standing in the industry and demonstrates our continued commitment to maintaining and developing excellent media relationships. As we grow, so […]

FSA measures consumers&#39 financial capability

Addressing a discussion, Financial Capability: Making informed decisions about mortgages, held at the House of Commons last week, the FSA said the baseline survey is progressing well. Part of the regulator&#39s remit is to help the public understand financial issues and ensure they do not buy unsuitable products. The industry and politicians agree that it […]

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The lucky ones

By Denise Wond, Marketing Relationship Manager, Royal London Do you consider yourself lucky? I don’t; I never seem to win a prize in the raffle, if there’s a cancelled train it’s usually the one I’m meant to be on and don’t start me on last year’s holiday. On the other hand, when I think about […]


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