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First Active joins Genesis Direct lending panel

Genesis Home Loans has become one of the first firms to appoint First Active to its lender panel for its direct submission service, Genesis Direct.

This means First Active will offer its products to intermediaries via Genesis&#39 direct submission route.

The Royal Bank of Scotland-owned brand is launching with two low rate mortgages: a two-year discount and a five-year stepped mortgage. Genesis says it will be paying a high rate of proc fees for both products at 0.38%.

Louis Kaszczak, national partnership manager at First Active, says: “Available exclusively to intermediaries, First Active believes the combination of its products and no unnecessary paperwork will appeal.”

John Lee, head of sales and marketing for Genesis Home Loans, says: “The addition of First Active to Genesis Direct boosts its already comprehensive panel. Offering good products and competitive proc fees, Genesis has one of the best packages around.”


Mortgage club for Scottish brokers

The recently-launched Mortgage Intermediary Alliance has created a dedicated mortgage club primarily for Scotland-based intermediaries. Helix Mortgage Services will provide specialist mortgage services for direct and administered business offering access to commercial, secured and residential mortgage loans. MIAS has formed alliances with three companies to launch the club: Adventi which will provide IT support to […]

Trigold plans equity update

Trigold is planning to build an equity release function into its sourcing system following research that found more mainstream lenders and brokers are looking at entering this growing market. The firm&#39s joint managing director Martin Colyer says the system should launch before the end of the year but after the introduction of FSA mortgage regulation […]

Fixed deals back in spotlight

Industry figures say the latest Bank of England base rate hike will refuel the debate over whether borrowers will opt for the safety of fixed rate mortgages. The Monetary Policy Committee last week voted to raise the interest rate by 0.25% to 4.5%, the second rise in two months. The previous change in rates was […]

Regional variations in house price inflation

Two of Scotland&#39s regions have seen the biggest house price gains in the UK over the past 12 months according to Bank of Scotland&#39s quarterly house price index. Interestingly, the 10 UK regions with the biggest price gains are all outside southern England. In Scotland, Dumfries & Galloway and the Highlands have seen rises of […]

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Guide: how to… audit your auto-enrolment scheme compliance

As the Pensions Regulator starts to bare its teeth and the changes mentioned in the Budget and Queen’s Speech start to come into force, it is essential that you understand your scheme and the processes you need to undertake to ensure it remains compliant. Our second re-enrolment guide looks at how to audit the key areas of your auto-enrolment scheme.


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