Scottish Life Mortgages, which is part of Royal London Group, has completed a restructuring of the business designed to position it as a leading player in the mortgage packaging market.
The restructuring, which involved SLM moving from Leeds to RLG's operating centre in Wilmslow, Cheshire in November last year, was part of a groupwide initiative to streamline the different parts of the business, pooling resources and improving efficiency and service levels.
Benefiting from the mature infrastructure provided by RLG's experienced administration business, which includes a team of expert compliance and mortgage administration staff, the new SLM offer has been developed to enable mortgage intermediaries to meet the challenges of regulation while streamlining administration through the use of technology. Key elements of the new service include sourcing software, packaging facilities, panel construction and compliance.
The new arrangement harnesses SLM's bulk buying power, enabling network members to offer a dedicated mortgage service with access to market-leading products, including deals exclusive to Ashley Law.
Jock Cassidy, managing director of Ashley Law, says: “Whilst the company recognises it is imperative to offer a professional service to clients, as a national IFA company Ashley Law's objective is to provide top flight support to our independent advisers.
“Ashley Law has selected SLM to provide mortgage services as it offers a high quality, compliant service with supporting technology that removes much of the administrative that has been associated with mortgage business. This enables our members to concentrate on their main priority; providing an excellent service to clients. ”
Gareth Evans, head of corporate affairs at the Royal London Group, says: “RLG is delighted with the response it has had so far. With mortgage regulation just round the corner it is essential advisers know they have access to a robust and reliable service that will be around tomorrow. SLM, with the financial backing of Royal London, offers just that.”