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Table 3: Broker website analytical content functionality

Basic threshold requirements Current best practises Emerging best practises
Basic loan product illustrations Calculators Calculators linked to loan products and AIP
Static mortgage Product catalogues product catalogues sortable by buyer type (home purchase, remortgage, refinance) Intermediary-specific product availability by channel (broker, mortgage clubs etc.)
Product catalogues in PDF format and applications online Complete list of forms in PDF format available online Electronic forms can format be saved and printed
Sources: TowerGroup, Frank Eve Consulting, Ltd


Mortgage Express announces 400% jump in online registrations

Mortgage Express has announced an increase of nearly 400% in online registrations since August this year. A total of 1,253 intermediaries have now registered online with the lender, compared to 269 in August. Tim Sturley, head of business development at Mortgage Express, says: “We improved our online offering with a 30-second decision in principle which, […]

Regulation means an IT revolution

The lack of urgency in the mortgage industry over the preparation for regulation is astonishing. Consider the havoc the regulated sales process has wrought in life and pensions. The additional cost of sale that regulation creates has caused numerous life assurance companies to close to new business and the problems that have flowed from non-compliant […]

Advantage packs 20,000 shoe boxes for Romania and Bosnia

Staff at Advantage Mortgage Services near Chester are pacing 20,000 shoebox gifts to send to orphans in Romania and Bosnia. The boxes collected from children across the UK will be sent out in two giant trucks in time for Christmas, filled with sweets, toiletries, toys and messages of love. Simon Maudslay, director at Advantage, says: […]

Table 1: Gross mortgage lending in 2001

Mortgage channel Gross lending (bn) Market share Total gross lending £160.3 100% Total retail £88.2 55% Branch £76.9 48% Web, mail, phone £11.2 7% Total wholesale £72.1 45% Total mortgage intermediary £62.5 39% Online mortgageiIntermediary £31.3 19.5% Tied adviser £9.6 6% Sources: TowerGroup estimates, Council of Mortgage Lenders, European Mortgage Federation

What the huge rebound in sterling means for the UK's inflation outlook

The world’s strongest currency in November was not the US dollar, despite the greenback rallying 3.5% against the euro, 8.7% against the Japanese yen and over 8.6% versus the Mexican peso and the Turkish lira up to yesterday’s close. The strongest currency last month was sterling, which had strengthened 2.2% versus even the mighty US […]


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