View more on these topics

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 www.tcfinfo.co.uk and all activity is funded by the participating mortgage lenders via the CML.

The forum aims to develop relationships with networks, packagers and mortgage clubs to promote the website and provide an intermediary perspective regarding new content.

Phil Whitehouse, head of TMA, says: “TMA is very pleased to be approached by the Forum to assist in the communication of the TCF initiative to the DA market.

“With the FSA deadlines fast approaching, it is vital that intermediaries are doing all they can to prepare for the TCF requirements.

“TMA has almost 7,000 brokers registered and so we are in a good position to advise our supporters of TCF requirements.”

Frank Eve, chairman of the TCF Lender Forum, adds:“Our research shows that intermediaries who use tcfinfo.co.uk feel better prepared to meet the FSA’s deadlines on TCF.

“The TCF Lender Forum is now working with networks, packagers and mortgage clubs to promote this free resource to mortgage intermediaries and welcomes TMA’s involvement in this initiative.”

Recommended

Communication is a matter of timing

In a highly competitive market and at a time of considerable strain for the industry, lenders are continually updating their mortgage ranges.

CHL Mortgages may axe 50 staff

CHL Mortgages is likely to make 50 staff redundant as a result of its effort to scale down lending.The company confirms jobs will be lost as it shifts focus towards credit quality and margin. Bob Young, managing director of CHL, says: “This change of focus will have consequences for staff numbers. We believe it will […]

Ten steps to national money guidance

The national money guidance service recently announced as part of the Thoresen review could boost sales and make the mortgage market a more stable place, says Bill Warren

Guide to help brokers broaden product range

Loanoptions.co.uk has added a guide to its website to help brokers get to grips with secured loans.The guide is designed to help brokers who are looking to broaden their offerings to clients in line with the Treating Customers Fairly initiative.Andy Moody, managing director of Loanoptions.co.uk, says: “Analysis of brokers coming to us for the first […]

Life begins at…

By Fiona Holmes, proposition communications manager Having reached a certain age (it’s the new 40 by the way), I’m having to come to terms with the fact that my peers and I aren’t as immune from illness or death as we’d like to think. That’s the problem with 30 being the new 20 and 40 […]

Newsletter

News and expert analysis straight to your inbox

Sign up