View more on these topics

Home of Choice eyes smaller networks

Home of Choice is in talks to acquire smaller networks, and says it has recruited a well-known member of the industry to help design exclusive mortgage products.

Richard Coulson, managing director of Home of Choice, predicts that the network will double its current 1,100 applications in the next three years, to over 2,000.

Coulson says it has appointed a mortgage product developer, and details will be released early next week.

He has also not ruled out acquiring some smaller networks, and says it has been in talks with a couple of networks who are floundering in the market.

Home of Choice will soon have over a thousand mortgage specialists, just three months after trading, including 500 appointed representatives and 600 directly authorised.

Coulson says its target is to become the leading mortgage distribution brand, and after its current 1100 applications are processed it says it will become the industrys second largest mortgage network.

It also expects to see a surge in applications at the end of November, once his court battle with Zurich is over.

Recommended

The Woolwich to launch lifetime tracker range

The Woolwich is launching a lifetime tracker range which includes a offset deal at 0.59% above base rate (currently 5.09%) on November 2. Alongside the offset deal it will also provide all new fixed rate mortgages with a built-in lifetime tracker to give borrowers a guarantee for life after their fixed rate period ends.Andy Gray, […]

UCB launches two-year tracker

UCB Home Loans, the specialist lender of Nationwide, is broadening its self-cert mortgage range with the introduction of a two-year tracker with no early repayment charge on Monday October 31 2005. The product will be priced at Bank of England base rate plus 1.29%, giving a current rate of 5.79%.On the same date, the lender […]

Five-year B2L fix

Mortgages for Business is offering a 4.69% five-year fixed rate buy-to-let mortgage. This features a 4.69% rate that reverts to base plus 1.75%. Early repayment charges apply if the mortgage is partly or fully repaid in the first five years.

Lenders must keep it simple with KFIs

A recent census by the Association of Mortgage Intermediaries shows the issues brokers face. There are not too many surprises but the findings are consistent. A year on from regulation brokers still face challenges on a daily basis.

Newsletter

News and expert analysis straight to your inbox

Sign up