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BM Solutions launches online service with bigger proc fee

BM Solutions is celebrating the official launch of its online service today by paying an extra £50 on top of the standard proc fee for each online application that proceeds to completion.

This follows a successful pilot where over 1,000 intermediaries pre-registered for BM Solutions Online in its first four days alone. The programme has been designed to save time and money for intermediaries with real-time case tracking, product matching, client illustrations and finance tools.

In addition to the extra £50 proc fee, BM Solutions is giving away a Mini Cooper. For every completed case submitted online, the intermediary is automatically entered into a prize draw.

Michael Bolton, director of mortgages at Birmingham Midshires, says: “The pilot has been a great success with a huge take-up from participating intermediaries, who&#39ve benefited from significant time savings.

“We aim to have 20% of our mortgage applications processed over the Internet by the end of the year. We&#39ll be adding even more enhancements to BM Solutions Online in the near future.”

Graham Lee, from The Independent Mortgage Centre and the first to process an online application with BM Solutions, says: “I&#39m very impressed with the site and find it exceptionally user-friendly – one of the best I&#39ve seen. With our latest online case it took only one and a half hours from submission to instructing the valuer.”


Top-up fees could lead to 100% rise in graduate debts

Changes in funding for higher education could mean that students will leave university with debts up to 100% higher than in 2002, Barclays says. Education secretary Charles Clarke recently announced that students could be saddled with debts of over £21,000 following the introduction of top-up fees. The Barclays graduate survey has shown that graduate debt […]

FSA advises consumers to plan for a challenging year ahead

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TMB launches new year remortgage deals

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The Staffordshire pilots bill payment service

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India rate cut – more to come?

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