The Mortgage Intermediary Alliance Scotland launches in Glasgow this Wednesday in a bid to bolster the profile and representation of intermediaries working north of the border.
MIAS has been set up by Colin McCallum, a broker and a regional chairman of the Association of Mortgage Intermediaries in Scotland, with the help of former general manager for The Mortgage Operation Scotland Kevin Friend.
Adventi, the awardwinning Scottish IT support company, is offering an exclusive service to MIAS that will provide members with a free regulatory IT health check.
Jim Spowart, former chief executive at Intelligent Finance and now director of Adventi, says: “Adventi has formed an alliance with MIAS to provide an IT support service to the IFAs it represents. With regulation being introduced in October it is vital IFAs review their IT to ensure they have the correct back-up and support.”
He adds: “This alliance is good news for Scotland.”
As part of the proposition a deal has been signed with Opus, the Glasgow-based mortgage administration company, to distribute its products.
Lockhart Bruce, Opus finance and marketing director, says: “We are delighted to be part of the alliance and to offer a dedicated Scottish platform for members.
“We will be offering marketing support to MIAS and developing products exclusive to Scotland which will ultimately bring members and their clients additional value for money.”
Opus has assigned a dedicated team to the MIAS proposition which, as well as prime business, will include specialist residential loans, secured loans and products from its commercial loans division headed by Paul Thomas.
Friend says: “Talking to lenders about exclusive products and £50m funding tranches brings back fond memories. Opus is well-positioned in the industry, its service proposition is excellent and its continuous technology development programme will benefit both lenders and intermediaries. The option of joining the MIAS technology support scheme will give peace of mind and a first class service.”