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Major lenders verify Mortgage Brain data

Mortgage Brain says that its mortgage product data is now verified for accuracy by three-quarters of the lending industry in the UK, Mortgage Brain delivered its product verification system, which enables lenders to proactively verify their product information on its mortgage sourcing system, in January 2003.

The firm says since its launch introducers and lenders have recognised the benefits of product accuracy and the confidence this brings.

The 26 lenders verifying product information on the system include Alliance & Leicester, Bank of Scotland, Coventry, GMAC-RFC, Halifax, Nationwide, Northern Rock SPML and Standard Life Bank.

Mark Lofthouse, chief executive of Mortgage Brain, says: “It&#39s fantastic that so many lenders have taken the opportunity to verify product information on our system. It&#39s clear that lenders have recognised the certainty that product verification offers introducers. We&#39re also pleased that such a large number of lenders now verify their mortgage product details.”


London and South East landlords enjoy sustained rises in yields, says Paragon Mortgages

Investor landlords in Greater London and the South East have seen rising yields on their rentalproperties for the third month in a row, the June edition of Paragon Mortgages&#39 Buy-to-LetIndex shows. Traditionally, the south-eastern corner of the country has offered lower yields on rental properties, as higher property prices are not matched by higher rents […]

Savills founder to launch Purely Mortgages later in year

Mark Chilton, the founder of Savills Private Finance, has unveiled the brand name of the national mortgage broker he is to launch later this year – Purely Mortgages The company is aiming to take a significant share of the UK mortgage market within five years. Chief executive Chilton says he has assembled a director team […]

Lead generation tool launched

Specialist financial services consultancy Llewellyn-Slade PR has launched a lead generation service for mortgage brokers and IFAs which it is marketing via networks and support service providers. The service offers a white label monthly magazine containing articles on topical consumer issues such as the benefits of remortgaging and can be issued to clients and prospects. […]

UK shows Europe the way to run a market

Following the recent elections, the European Union is in the headlines again. And with 12 of the 15 EU countries adopting the euro, I could not resist the opportunity to look at whether the property and mortgage markets are showing any signs of integration. I start with owner-occupation rates, which have been climbing in recent […]


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