Nigel Payne, managing director of BM Solutions, is looking to launch new buy-to-let and self-cert deals later in the year and promises that packagers will be happier with the fees on offer.
He says: “When The Mortgage Business moved across to us, it reduced proc fees for packagers at a time when they needed them most. The proc fees will be better, although still not quite as high as those offered by TMB. They won’t be available to all packagers.”
Payne and his team are still designing the products and he says it is too early to give details of specific deals.
Roger Morris, managing director of em-financial, says: “I trust and believe in Payne to come up with a proposition that will move the packager market forward.”