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Bank of China in tie-up to offer broker advice

Bank of China (UK) has become the second bank to dip its toes into the broker market and offer whole-of-market advice in its branches.

As Mortgage Strategy Online exclusively revealed last week, Mortgageforce has secured a deal with Bank of China to operate out of its five UK branches – Cannon Street and Chinatown in London, Birmingham, Glasgow and Manchester.

The service will be for clients seeking a mortgage that falls outside the bank’s normal lending criteria. Bank of China is part of Bank of China Group – the fifth largest bank in the world. The deal comes hot on the heels of HSBC’s tie-up with John Charcol, which is trialling a broker service on a whole-of-market basis.

Fahim Antoniades, partner at Quantum Money, says: “Consumers are becoming more savvy and want to shop around for their mortgage and lenders are realising this.”


The iron fist being applied to those on front line is wrong

Imagine you go to bed knowing you have a business and wake up to find that your firm is now on the verge of going out of business because the Financial Services Authority and government have failed to monitor your principle effectively.

Network Data in crisis talks with regulator

Network Data says it is in crisis talks with the Financial Services Authority and other financial services firms to get its appointed representatives writing business again.

LeadPoint to recommend minimum lead buy

LeadPoint is now recommending that in order to hit advertised market conversion levels for different products that brokers buy a minimum volume of leads.

US: mid-year review and outlook

By Felix Wintle, Manager of the Neptune US Opportunities Fund H1 2014 Economic data: after last year’s strength, economic data has disappointed. Indeed, the economy contracted 2.9 per cent in the first three months of the year — the US economy’s worst performance for five years. However, rather than a symptom of underlying economic weakness or […]


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