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TFC offers First National promotion

TFC Homeloans is now offering a £99 application fee on all purchases and remortgages places with First National with a free legal service also available on remortgage deals.

The offer, which will be available for a limited time only, is available to all mortgage intermediaries in England and Wales submitting First National applications to TFC Homeloans via its time saving IT system Gravity.

First National was the first lender to be fully integrated with Gravity, offering brokers instant KFIs, and same day instruction of valuation and communication of all the outstanding requirements to package the case. This applies to all deals submitted online via its market leading IT system Gravity before 3.30pm Monday to Friday.

The same day processing means that TFC is able to deliver offers on First National cases in three days and completions in around two weeks.

Jennifer Wilson, marketing manager at TFC Homeloans, says: “As soon as we receive a full First National application via Gravity we instruct the valuation and produce the list of outstanding requirements for the broker so they can go straight back to their client and discuss everything in one go. The cost savings these efficiencies have brought us mean that we are now able to offer extremely competitive application and legal fees on remortgages and market leading procuration fees across the range.”

Gerry Bell, head of mortgage marketing at GE Money Home Lending, says: “Remortgage business will become increasingly important this year and these customers are looking for deals where up front costs are minimal and the process is made simple and is fast. The TFC offer ticks all of these boxes and I am sure will be very popular.”


Rob Jupp

I have read with interest the article regarding the research data about customer retention. It indicated that only 40% of clients who go back to the same lender will use their original broker to secure the deal. I really hope that the statistics for clients remortgaging with another lender or purchasing another property are not […]

CML slams police fraud figures

The Council of Mortgage Lenders last week slammed a police report for failing to make the case that mortgage fraud is now worth £700m. While the CML says it welcomes the Association of Chief Police Officers’ report entitled Safe as houses? Organised mortgage fraud in the UK, it says ACPO’s £700m figure does not stack […]

TMA promotes TCF lending forum to DAs

The Mortgage Alliance is promoting the Treating Customers Fairly lending forum to its directly authorised members.The TCF Lender Forum is made up of 28 lenders supported by the Council of Mortgage Lenders that have provided online information to mortgage brokers on TCF.The activity is centred on the provision of a free website and all […]

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Neptune video: Abenomics: the impetus for Japan’s fast-track recovery?

The remarkable performance of the TOPIX over the past year has caused many sceptical equity investors to look again at the Japanese market. These returns have come despite very significant problems facing the Japanese economy. Chris Taylor, manager of the Neptune Japan Opportunities Fund, discusses these problems and whether Abenomics will be able to overcome them, enabling the market to continue to rise.

In the video, Taylor addresses the following:

• The size and speed of Japan’s unprecedented monetary policy
• Abenomics and the implications should it fail
• Corporate Japan and beneficiaries of government policy


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