TFC launches standalone legal package

TFC Homeloans launches its first standalone legal package in association with London & European today, adding a complete web-based panel management solution to the TFC Homeloans branded portfolio.

The value-added package is available to intermediaries at £399.00 inclusive of VAT and disbursements, and promises faster completions on all TFC re-mortgages through the adoption of L&E’s complete solution.

TFC Homeloans will now assume overall control of the transaction, bypassing conveyancers and lenders, thereby offering greater transparency of the process to all parties, in addition to the efficient monitoring of costs.

The real time reporting function assists TFC Homeloans in identifying and rectifying potential issues before they escalate, leading to significant decreases in abortive mortgage applications and a simplified procedure for both the broker and the customer. TFC Homeloans will also be in a position to determine the actual date of completion.

Simon Wade, head of group marketing at TFC Homeloans, says: “Speed and efficiency of process lie at the heart of everything TFC Homeloans does. Because we work with eight of the best lenders in the industry, each with their own different needs, we felt the need to develop a robust panel management solution as an essential support to the high levels of service that we are known for delivering.

“London & European already works closely with the majority of our lenders and is in a position to tailor the complete service solution to each lender’s specific requirements.”

Chris Taylor, sales and client services director at London & European, adds: “TFC Homeloans is one of the leading players in the mortgage distributor market and we look forward to supporting their future growth through our technology and service – helping them make their property transactions simple, fast and secure.”