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Mortgage Sense offers £99 valuation fees on Kensington deals

Sub-prime packager Mortgage Sense has unveiled an offer of £99 valuation fees for all valuations carried out up to £100,000, and £200 for valuations between £100,000 and £250,000 on any Kensington Mortgages cases submitted for a limited period.

A 1% procuration fee will be payable on all Kensington applications &#45 except Kensington&#39s very low adverse range where a procuration fee of 0.5% will be payable. No administration fees will be charged on any case.

Mortgage Sense business development manager Phil Downey says: “This special offer gives mortgage advisers a great chance to offer added value to customers, across the whole of Kensington&#39s improved mortgage range.”

Sarah Bradwell, sales development manager for Kensington Mortgages, says: “We are pleased to be working with Mortgage Sense on this promotion, as it has established packagers with many years experience in dealing within the sub-prime sector.”


Bankhall poised to take over NU mortgage club

Speculation was mounting last week as Mortgage Strategy went to press that Bankhall is to buy Norwich Union&#39s mortgage club, bringing its total intermediary base to around 40,000. Although both Bankhall and NU refused to comment on what they say is market speculation, sources believe the deal is definitely going ahead and its announcement is […]

GMAC-RFC unveils non-conforming range

GMAC-RFC has launched a range of products for non-conforming clients. In addition to the market leading rates already on offer, a range incorporating Bank base rate discount tracker options is now available. Key features of the non-conforming range include: • A discounted base rate tracker, starting at 4.85%, discounted for six months from completion. • […]

More needs to be done for consumer credit, say Lib Dems

Liberal Democrat MP Norman Lamb haswarned that although customer credit information is improving since the report of the Treasury Select Committee, much more needs to be done. He says: “I will continue to press the case for the cost of credit to be shown in pounds and pence by using clear examples. “I urge companies […]

MCCB urges firms to submit FSA applications by April 30

The Mortgage Code Compliance Board has warned firms that they must submit completed applications for FSA authorisation by April 30 2004 or risk being forced to cease trading. The MCCB has expressed concern that a minority of mortgage intermediary firms still seem to be unaware of the significance of the regulatory changes occurring later this […]


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