View more on these topics

JEREZ 2006: em- calls on lenders to outsource

em-Financial has called on lenders to outsource more to packagers.

Speaking a the Mortgage Summit in Jerez on June 21, Roger Morris, director at em-, says lenders could reduce their overheads if they sourced processes in a similar way that Rooftop Mortgages has.

He adds that both the packager and lender would win financially, and could pass the savings on to the broker and ultimately the consumer.

However, Charles Haresnape, managing director of mortgages and Bank of Scotland, rubbishes the idea because he says the packaging community isnt up to scratch, meaning lenders already have to intervene when things go wrong as some expense.

Morris retorts that when cases do go wrong, em- makes every effort to rectify problems.

He says: We take accountability because at the end of the day our boss in the intermediary.

Recommended

Islamic services go nationwide

Lloyds TSB has rolled out Islamic financial services across the country, following a pilot scheme.

Scottish system is best, say experts

Implementing the Scottish house buying system in England could have a greater remedial effect on gazumping than Home Information Packs, say experts. Although HIPs are being championed by the government as a way to protect consumers from speculative sellers and cut the incidence of sales falling through, some in the industry believe overhauling the legal […]

Steady but not glorious period ahead

It has been a great six months for the mortgage market. Monthly lending records have been tumbling after a surge in confidence early this year.

Infinity joins MI lender panel

Infinity Mortgages has joined Mortgage Intelligence’s direct to lender panel, giving members access to its range of specialist deals.

Retirement fund - thumbnail

What price (more) freedoms?

George Osborne will make his last Budget speech of the current parliamentary term this week, and the early media briefings suggest that pensions will again feature heavily in that statement. So what are we able to learn from the weekend’s coverage?

Newsletter

News and expert analysis straight to your inbox

Sign up