edeus says the absence of the Regulatory Association of Mortgage Packagers from its panel is not a sign of bad feeling between the two.Michael Bolton and Alan Cleary’s new lender revealed the names of the first 15 firms and associations to join its so-called circle of trust last week. This included the Association of Mortgage Packagers and Distributors, the Professional Mortgage Packagers Association and Freehold, but not RAMP. John Rice, managing director of RAMP, says it has spoken with edeus but hasn’t yet met to talk about its proposition. He adds: “We don’t want to pre-empt edeus’ proposition until we know what it is. Individual members have the right to deal with whom they wish, although around 90% of completions are through the RAMP panel.” Peter Charge, director of national accounts at edeus, says: “We’re not dealing with RAMP as an organisation – we are interested in how individual members can add value. I can confirm we have been approached by one RAMP member which is considering whether it wants to be on our panel.” He says the other associations all approached edeus because of its proposition. He adds: “That doesn’t necessarily mean all their members will decide to do business with us. We are the first lender with an end-to-end online process for packagers, which excites some of them.” Edeus announced further additions to its packager panel last week, including All Types of Mortgages and BDS Mortgage Group. The Mortgage Partnership and Pink Home Loans have also revealed that edeus will sit on their panels.
In Retirement Services is to appoint 20 new advisers following the FSAs equity release mystery shopping exercise, which highlighted the need for specialistknowledge.The FSA report has resulted in a significant increase in companies looking tooutsource their equity release service to IRS.The advisers need to be FPC qualified but do not necessarily need previousequity release experience […]
Peter Izard is senior manager corporate accounts at GMAC-RFCF For lenders, keeping clients is much more cost-effective than attracting new ones. So will this move kill off the remortgage market – the broker’s bread and butter? No. Let us first consider why clients remortgage in the first place. Of course, some remortgage for a reduced […]
From K Furlong I have provided financial advice to a client for many years. Recently, she converted a four-storey traditional building into four one-bed flats, observing all the regulations regarding noise and fire at great expense. The tradespeople employed, from architect to builders, roofers, plumbers and painters, did their jobs well – until we got […]
Landlords should beware third-rate letting agents, warns risk consultant Leaseguard. Mairi Scott, managing director of Leaseguard, says too many landlords get caught out by thinking they can just appoint a letting agent, hand over the keys and sit back and wait for the money to roll in.
By Kunal Desai, Manager of Neptune India Fund Kunal Desai recently celebrated his third anniversary as manager of the Neptune India Fund. Kunal has built a strong track record of outperformance since he assumed responsibility for the Fund, delivering a return of 30.3 per cent compared to the MSCI India Index gain of just 14.0 […]
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