Enterprise Group says its EDGE system now has over 2,100 registered users and is receiving more than 150 enquiries a day. In the last quarter of 2006 Enterprise ran a campaign whereby applications sourced through EDGE qualified for a free administration fee which includes the cost of valuation, for all products and all lenders. As a result, Enterprise has seen a 50% jump in new business and a 25% rise in the average loan size it deals with.
TFC Homeloans is offering free applications and valuations on its sub-prime range. The deal applies to sub-prime products across all lenders, except Future Mortgages, that recoup TFC a gross commission of 1.5% or above. For products that don’t qualify for the promotion, TFC’s £99 application fee still stands, except for 100% products.
Kensington Group has ditched plans to move into commercial lending, sparking speculation about its future strategy.
The shock decision by the Monetary Policy Committee to raise the base rate by 0.25% is bound to still be on everybody’s lips this week. The increase will not make a big difference to most home owners but it can’t be taken in isolation.
Kevin Paterson takes a weekly look at the latest developments in the market and brings you what’s hot and what’s not in the world of mortgages
Jelf Employee Benefits focuses on Ebola Virus Disease (EVD) and what this means for businesses with operations in West Africa. This will be of particular interest to those with employees either travelling to, or living within, West Africa, the area affected by the most catastrophic outbreak of Ebola to date.