Quote comparison software provider UnderwriteMe has been adopted by four insurers, with a further three firms set to “go live” in the next quarter as part of a phased introduction. Exeter Family Friendly, Scottish Provident, Scottish Friendly and SunLife are all using the software, which aims to simplify the protection sales process by providing estimated […]
Specialist lender Precise Mortgages has begun lending to contract workers for the first time. The criteria change applies to all of the lender’s residential range, including both first and second charge products. Managing director Alan Cleary says: “This criteria improvement coupled with our recent changes to self-employed criteria make us a natural choice for brokers […]
FCA mortgage and mutual sector manager Lynda Blackwell believes the tough affordability measures used by some lenders post-MMR will be relaxed as the new rules bed in. The regulator has previously said it had “wondered why” some lenders had included bizarre questions in their affordability assessments post-MMR. In the weeks following the implementation of the […]
Association of Mortgage Intermediaries chief executive Robert Sinclair expects a spate of lenders to increase their procuration fees before the end of the year in order to meet their lending targets. Speaking last week at the Association of Short Term Lenders’ annual conference in London, Sinclair said he predicts the average procuration fee paid for […]
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