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M2000 mortgage club becomes Brilliant Mortgages

Exclusive Connections, which acquired M2000 mortgage club in February, will be renaming it as Brilliant Mortgages from the 1 May.

EC which owns Brilliant Loans, its secured loan subsidiary, has decided that changing the name to a recognisable brand within the group was the best way of continuing a logical restructuring of the business, while providing a strong platform for its newly acquired mortgage club.

Matthew Arena, managing director of Exclusive Connections, says:
”We are delighted to announce the change of name for the mortgage club to Brilliant Mortgages, as it better encapsulates the integration of our existing lending panel arrangements along with the relationships that already existed under the old club. Packaged business will still be accessed through Exclusive Connections.”

He says the name change for the mortgage club has been well received by EC members, lenders and mortgage club users.

He adds: “Through the Brilliant Mortgages and secured loans specialist, Brilliant Loans, together with packaging for the specialist lenders via Exclusive Connections we really do offer a complete service to any intermediary wanting to transact any kind of mortgage or secured loan business.

“While it is unfortunate to see news of so many packagers and networks closing, intermediaries can be sure that Exclusive Connections and its Brilliant Mortgages and Brilliant Loans subsidiaries will be a stable presence during these uncertain times.”


Large lenders ignore mortgage support scheme

The government’s Homeowner Mortgage Support Scheme received a lukewarm reception when it launched last week, with the noticeable absence of some large lenders.

PTFS remodels compliance for DA members

Personal Touch Financial Services has revamped its directly authorised proposition to align it more closely with its network model.

Land Registry justifies fee increase

The Land Registry has defended its decision to hike its fees by 30% and says it is already digging into its reserve funds after seeing a significant fall in property transactions.

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England vs Australia: pensions

Well, the cricket season is here, and England and Australia are stepping up to the wicket. Although we compete with each other in the sporting world, when it comes to pensions, Australia’s pension programme is held up as a model for our auto-enrolment initiative. Auto-enrolment was introduced because people weren’t saving enough into their pensions, and it is still early days but signs are positive. However, in Australia, saving into a pension is compulsory, and in fact employers are the ones who have to pay in. Employees in Australia can make additional contributions into their pensions, but they don’t have to. Should the onus be on the employer or employee to save? Well in the UK we think it’s both, but to get ‘adequate’ savings for retirement it’s the employee who has to pay more in.


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