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First National to offer 15-min DIP at Mortgage Expo

First National will be offering intermediary visitors to its stand the opportunity to have a decision in principle within 15 minutes on non-conforming mortgage cases.

Any intermediary whose case is approved will be entered into a daily free prize draw to win a first class trip to Paris on Eurostar and an overnight stay in a four-star hotel in the heart of the city.

Ron Howell, director of secured lending sales at First National, says: “This is one of the most high profile gatherings of the intermediary and lending community. Last year the company managed to meet with a wide range of specialist brokers and packagers.

“This year, First National&#39s 15-minute offer will be particularly attractive to smaller intermediaries who regularly deal with non-conforming clients but who generally don&#39t have face-to-face contact with underwriters. The added incentive of the daily prize draw should hopefully tempt the rest.”


NU defends its equity deals

Norwich Union has defended its equity release products following industry warnings that brokers could be in breach of the Mortgage Code if they recommend the deals. In an open letter to the Mortgage Code Compliance Board, Simon Chalk, principal of Wetherby-based Mortgage Portfolio Services, asserts that NU&#39s equity release products go against the Mortgage Code&#39s […]

igroup appoints director of originations

igroup has appointment of Noreen Whyte as director of originations. As part of her role she will have responsibility for the front-end processing of all new business received from igroup&#39s expanding network of introducers. As director of originations, Whyte joins igroup&#39s senior management team and reports to Peter Brennan, chief operating officer. Whyte has been […]

Chelsea is not joining the rush to change rates

From Jeremy HicksI&#39m sure there will be a rush of lenders changing rates following the Bank of England&#39s announcement but at the moment the Chelsea is not one of them, as incorrectly reported (Mortgage Strategy November 10). I think you have taken the detail of a rate increase from our investment press release which illustrates […]

Mortgage Brain warns brokers to check KFIs

Concerns over the reliability of sourcing systems have been dismissed by technology provider Mortgage Brain. But the company told brokers at Tuesday&#39s Mortgage Business Expo to double check all key facts illustrations, whether obtained direct from lenders or from sourcing systems.


Out from the long grass? An IT and NI merger

Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI).  Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.


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