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Online tracking from Pinnacle

Pinnacle Mortgage Funding has unveiled an online case tracking system for brokers. With the new facility, brokers can keep up-to-date with cases via email, text, phone or fax. Brokers signing up to the system will automatically qualify for 48-hour proc fee payouts. Les Daley, director of Pinnacle, says: “In the prevailing market climate, speed of service combined with positive cash flow are key requirements for brokers and this service meets those needs.”

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Elephant Loans cuts costs

Elephant Loans & Mortgages has unveiled a number of cost savings to free up £100,000 per year. Its mortgage business Elephant Loans Direct will become an appointed representative of FT Partners Network and Elephant Loans will no longer undertake regulated activities.

Derbyshire cuts 50 jobs and closes three branches

Derbyshire is closing three branches and cutting up to 50 jobs in an attempt to cut costs. The lender refused to comment on which branches would be affected.A spokesman for Derbyshire says a consultation period with staff has begun however it hopes to redeploy as many staff as possible.The news follows a reported a 47% […]

Dear Delia…

Dear Delia After attending a seminar, my client is looking to expand his buy-to-let portfolio rapidly but is frustrated by lenders only being willing to lend against a proportion of the purchase price rather than the value of the properties. He is securing good discounts from distressed sellers but is having to use more cash for each transaction than he would like. This limits the number of properties he can buy. Can you suggest a solution?

Employees care about their health

It’s important employers remember this like an alarm going off in their head. Employees care about their health. And they’re calling on employers to provide them with health benefits. In a survey we conducted, we asked 1,005 UK SME employees to choose the top three employee benefits they would value most:  48% of employees voted […]

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