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Cheval reports broker interest in website

Cheval, the Stanmore based bridging finance lender, has reported high levels of interest from brokers in its interactive website, which was unveiled at Mortgage Business Expo in November.

Cheval, which was the first bridging finance lender to join the CML, has also seen business levels rise significantly since it issued its code of conduct in October.

The site features online DIP requests, online KFI production and a call me back feature allowing brokers to schedule a call back at a specific time. Along with a FAQ section, specific intermediary case studies and forms library, the website is designed to offer brokers everything they will need to do business.

Mark Posniak, marketing manager at Cheval, says: The website was a complete rebuild from the ground up in response to market research among brokers. It became clear at the Expo that brokers have been looking for easier ways to access bridging finance and our website has all the features they need to business with us. Registrations have been coming thick and fast and over 130 new brokers have now registered with us to send business.

Richard Taylor, partner at Cobalt Capital, adds: The Cheval site is extremely user-friendly, and the functionality has enabled our team to transact business electronically. In a time-critical scenario, the on-line capability will save crucial hours. Cheval continues to show its competitors a clean pair of heels.


Amber in 18m portfolio sale

Amber Homeloans has announced the sale of a further 18m portfolio of sub-prime mortgage assets to GMAC-RFC. This is the fourth whole loan transaction completed this year involving the two organisations. Mark Smitheringale, associate director of asset trading at Amber, says: “This transaction represents the second portfolio sale to GMAC-RFC during 2005.”

Partnership offers deals based on credit history

Brokers are welcoming an alliance between Trigold and Equifax that will allow them to access a host of mortgage products appropriate for their clients’ credit ratings.

Show me the money – earnings are central to performance in Europe

Equity markets globally currently remain vulnerable to sharp shifts in sentiment caused by either unexpected or unwelcome outcomes in key upcoming political events (the US and German elections, Brexit and the Italian referendum). These top-down influences, combined with the current low global growth environment, will likely lead to broadly directionless markets, and prolong the current low beta return environment. We do, though, […]


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