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A&L picks e.surv as chartered surveyor

e.surv has been appointed as sole panel manager for the bank and will administer all valuations completed outside of the Alliance & Leicester staff valuer network, assuming responsibility for performance and quality in this crucial area of the lending process.

e.surv will also be supplying technology and support services to Alliance & Leicester&#39s inhouse staff valuer network. Alliance & Leicester will benefit from significant cost savings and efficiencies by streamlining its staff valuer administration functions, which will be taken on by the e.surv operations centre, based in Kettering.

Andrew Robinson, mortgage operations director for the bank, says: “While our network of staff valuers remain central to the bank&#39s strategy moving forwards, we identified that we could reduce costs and increase productivity through an arrangement with e.surv. This deal capitalises on the strengths of both organisations to achieve significant benefits for the bank.”

Richard Sexton, national business development manager for e.surv, says: “It is pleasing to be able to announce such a significant contract so soon after our recent change of ownership and we see this as a real vote of confidence in our proposition going forwards. The bank has a clear vision of the efficiencies that they expect from the arrangement and we have worked with them to create a custom service package to meet all their needs. We are now looking forward to adding value to the Alliance & Leicester proposition in the near future.”


Freedom Finance receives notification of full authorisation

Stephen Atkins, group compliance director for Freedom Finance, says: &#34I&#39m delighted that the Freedom Finance Group has received its part IV permission notices – for mortgage broking, the sale of general insurances and mortgage lending – as everyone has worked really hard to prepare the whole business for regulation. We are now looking forward to […]

Infinity First to provide compliant online KFIs

The KFI facility is being made available to brokers on September 30, via Infinet, the company&#39s online application processing system. Infinet, which has been developed with technology support provided by Newbury-based edge IPK, also provides mortgage brokers with access to the following: An accurate library from which products can be sourced based on KFI input […]

Zurich appoints CEO for Advice network in the UK

ZAN is the forerunner of the directly authorised multi-tie retail distribution company Zurich intends to launch in the UK, to be operational in 2005. This appointment as well as the launch of the company are subject to regulatory approval. The intention to create a separate distribution company was announced on April 2 2004. It is […]

Nationwide charts show schools&#39 effect on prices

Nationwide has utilised the Primary School Performance Tables published by the government to compile charts which show schools&#39 effect on local house prices. Alex Bannister, Nationwide&#39s group economist, says: “In the past two weeks thousands of children have started their first year at primary school. “Traditionally, primary schooling is viewed as crucial in providing children […]

The return of inflation

Alex Ralph, manager of the Artemis High Income Fund, sees further pressure on government bonds as inflationary pressures build on both sides of the Atlantic.


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