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PMS sees strong half-year results

Following on from a successful first quarter, Premier Mortgage Service saw 22.8bn in applications and 16.7bn in completions in the first half of 2006.

These results it says puts it in a good position to achieve its full year target of 44bn applications and 33bn of completions.

PMS says it has been further encouraged in the first six months of the year by the excellent support it has received from the lenders on its panel and the ongoing support of ifs database of directly authorised intermediaries, who recognise the value of utilising its staff and services based in Birmingham.

Looking to the future and the remainder of 2006 it says it could see business volumes effected by the continuing upward appreciation of UK properties, coupled to the affordability factor that many homeowners are experiencing. This, at some stage, will impact on the business volumes during the latter part of this year and early 2007.

It says it is committed to carrying on its proposition to the many roadshows and seminars it is involved in, further assisting both lender and intermediary.

PMS will also shortly be moving to bigger and better premises in Birmingham in order to further develop its proposition in the marketplace.

Ricky Okey, director of mortgages and protection at Abbey says: “It’s not
surprising to see that Premier Mortgage Service have produced such
impressive half-year results. John Malone together with Lisa and Rob in
Birmingham work tremendously hard to promote the interests of mortgage
intermediaries, and excellence for consumers.

Peter Izard, senior manager corporate accounts at GMAC-RFC adds: These
results are a true testament to the excellent staff and management at Premier
Mortgage Service. GMAC-RFC are delighted to be part of their success and
look forward to working closely with them to achieve their year end targets.”

Francis Mogg, operational director for key accounts at Northern Rock adds: I was delighted to hear PMS had enjoyed such a successful first half and that Northern Rock is looking forward to continuing its valued relationship with PMS and its club members in the future.

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