The Mortgage Times Group saw its application figures soar from 92m to a staggering 250m per month between January and September this year.These figures are based solely on packaged business, though the company has also seen an increase in its mortgage club business. With three months of the year still to go, the packager has already seen a 200% increase in both packaged and mortgage club business, compared with 2004. Christopher May, director of Mortgage Times, says: “This is fantastic news for the group. I am particularly proud that we have managed to combine an aggressive sales and marketing strategy with a good service proposition. This is reflected in our business levels. “We are already competing in terms of volume with some of the well known specialist lenders in the market and have embarked on a number of projects with lenders and smaller packagers to ensure growth will be sustained over the next year.” Alison Hutchinson, managing director of Kensington Mortgages, agrees. She says: “We’re enjoying a healthy relationship with Mortgage Times. We have been working closely together to tailor our services. Onsite offer production is an example of this. “We have increased our business with Mortgage Times by over 50%.” Mortgage Times’ impressive increase in business is a reflection of the group’s substantial distribution channel which is built mainly around its own brokers rather than its panel business. May adds: “We are now in the regulated environment in which many experts predicted shortfalls in the packaging market. “Our proven distribution channel has enabled us to work with partners to ensure our impressive growth can be sustained.” The Mortgage Times Group was formed in April 2002 as a packager. Its services have since evolved and now include an appointed representative network and an offering for directly authorised firms. It also handles brokers’ general and life insurance needs.
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Loanoptions.co.uk, the Cheshire based secured loan specialist, has announced the appointment of Trevor Tait as sales director. Tait spent two and half years with Pink Homeloans as a BDM and before that he spent 19 years with Bradford & Bingley. He says: “I was attracted to Loanoptions.co.uk because its business is built on an ever […]
Specialist lender Money Partners has joined the Association of Mortgage Intermediaries as an associate member. Colin Sanders, CEO of Money Partners, says: “This completes our objective of joining the industry’s three principal trade bodies. Coming as it does ahead of our first anniversary, it confirms the progress we have made from a standing start on […]
Swaps initially fell last week, then rose sharply. With swaps at a recent high we are starting to see lenders reprice upward so my advice is not to delay any fixed rate applications.
Infinity Mortgages has made significant improvements to its lending criteria, with higher income multiples. Infinity says the changes will help not only first-time buyers but all home buyers and remortgagers. The changes should also benefit intermediaries, who dont need to download complex software or use debt to income calculations. Infinity Mortgages customers can now benefit […]
Jelf Employee Benefits closely examines healthcare provision and challenges within Nigeria. This will be of particular interest to HR decision makers with employees based in Nigeria, and assesses the environment, risks, facilities and safeguards that are relevant to organisations that are actively deploying expatriate staff in this location.
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