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Mortgage Express announces 400% jump in online registrations

Mortgage Express has announced an increase of nearly 400% in online registrations since August this year.

A total of 1,253 intermediaries have now registered online with the lender, compared to 269 in August.

Tim Sturley, head of business development at Mortgage Express, says: “We improved our online offering with a 30-second decision in principle which, if it becomes a full application, is virtually guaranteed to become a mortgage offer. Also, the recent postal strike made intermediaries look at alternative ways of submitting business. They obviously liked what they saw and signed up.

“We recognise that this is the way most business will be done in the future and we intend to make sure our intermediaries and their customers are fully equipped to take advantage of this technology.”


The scandal of the ordinary people allowed to own homes

From Nigel Grinstead and Jeff Cureton-RoyalSelf-certification mortgages should be banned. Why should people who can&#39t prove what they earn down to the last penny should be allowed to own a home? They should immediately apply for PAYE jobs and stop earning money that isn&#39t declared. If they work in restaurants where they are given tips […]

Would you recommend Bond 2 Let to landlords?

The buy-to-let boom shows no sign of abating with the first half of this year showing 75,100 buy-to-let mortgages worth £7.7bn advanced. By 2020 it is estimated that the average house price will nearly double from £161,665 to over £300,000. Meanwhile, it is expected that the UK population will increase by six million in the […]

Scot Prov mortgage club gets exclusive B&W and Woolwich deals

Scottish Provident&#39s mortgage club, The Mortgage Alliance, has negotiated two exclusive deals for its members from The Woolwich and Bristol & West. The two-year tracker deal from The Woolwich is available on its Openplan Flexible Mortgage with a special initial rate of 3.55%. At the end of the two-year period the rate reverts to Barclays […]

MCCB welcomes FSA concession

The Mortgage Code Compliance Board has welcomed the FSA&#39s confirmation that its registered firms in good standing will enjoy a smoother journey through FSA authorisation. This follows an FSA review of the MCCB&#39s registration criteria and processes, its compliance monitoring arrangements and its actions to deal with breaches when they occur. The confirmation was announced […]

Don’t play chicken with the Bank of Japan

By Josh Ausden, Head of Client Investment Strategy, Neptune Short-term yen strength has hurt the Neptune Japan Opportunities Fund but recent events have only added weight to our conviction that the Bank of Japan will act to ease policy, boosting multinationals’ profits and weakening the yen. In recent weeks the performance of the Japanese stockmarket […]


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