The Enterprise group says it has seen a 600% increase in group-wide business volumes this year compared with the same period three years ago.Enterprise says it is on track to originate over 720m in sub-prime first charges compared with 120m in 2002. Michael Clapper, CEO of Enterprise, says: “Under regulation, and as a result of the recent sub-prime reviews conducted by the FSA, the value of safe sub-prime has never been more obvious to introducers and networks. We expect this growth to continue for the next three years.” Clapper says the development of tailored, branded arrangements with major networks has been the lynchpin for the firm’s growth. He adds: “Zurich Advice Network and Openwork have both realised the value of safe sub-prime from one exclusive provider, Enterprise Homeloans. “Now other significant networks have signed up for bespoke branded arrangements. We have created THINC Enterprise for Thinc Destini, Mint Homeloans for Mint Financial Services and Choice Homeloans for Home of Choice. And we are in talks with many others.” The Enterprise group also includes Enterprise Broker Services as a sub-prime packager and Enterprise Finance, which provides second charges, bridging and sub-prime commercial mortgages.
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As exclusively revealed by Mortgage Strategy in September, the Professional Mortgage Packagers Association is officially launching its lender Unity Homeloans next Monday.Billed as the first lender to be formed by intermediaries for intermediaries, Unity will be having its launch party tomorrow in London at the offices of backers Investec. Ian Nelson, chairman of BDS Mortgages, […]
Swift Advances, the Essex-based lender Michael Bolton was rumoured to be joining, is still on the hunt for a chief executive. Despite a number of high profile names being linked with the company, nobody yet has been appointed to the position. Kestrel is the holding company for Swift, a secured consumer loan and residential mortgage […]
Nick Robinson, managing director of Intelligent Finance, has been tipped as one of the UK’s top business leaders in 2015. Robinson was nominated by industry figures in The Times, along with Andy Hornby, chief operating officer at HBOS.
Mortgage 2000 has launched an exclusive product from Leeds. The product is a 100% mortgage at 5.72% fixed for five years with no upfront fees. The product will be available via a number of the Mortgage 2000 distribution channels including m2-mortgage club (direct to lender), m2-d&p (packaging) and Casemaster (online processing system). The product has […]
Protection providers often extol the benefits of placing plans in trust. The advantages for clients are widely recognised and numerous – inheritance tax mitigation, avoiding probate delay, controlling claim proceeds, and so the long, familiar list continues. Yet, dismissed as unnecessary form-filling, or simply viewed as irrelevant in the context of a mortgage sale, less […]
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