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TBMC direct service is popular

The Business Mortgage Company has signed up over 2,000 directly authorised brokers and five networks to its direct-to-lender proposition since it launched it in February.

The direct-to-lender proposition allows brokers free access to its online buy-to-let mortgage sourcing and quotation system and incorporates both non-packaged products that are processed directly by the lender, as well as traditional packaged products.

Andy Young, chief executive officer of TBMC, says: “Our new service has been well received by our DA introducers who have been given automatic access to the additional buy-to-let product range.

“Our statistics for the first month indicate that one in five quotes produced by DA firms on our sourcing and quotation system are for the direct-to-lender products.”

Paul Shearman, mortgage proposition director at Openwork, says: “Recent financial conditions have resulted in a drastically reduced buy-to-let mortgage market and TBMC’s expanded lender panel will provide more choice.”



Target wins Blue Motor Finance contract

Target Loan Servicing has won another significant contract to service loans for the Blue Motor Finance portfolio owned by Merrill Lynch. Target Loan Servicing now employs over 120 staff at its loan servicing operation in Newport, South Wales and the new motor loan portfolio was transitioned to Target Loan Servicing within just 12 weeks. James […]

Rich man’s world

It’s good to know that in the economic turmoil it’s not just us regular folk feeling the pinch.

PTFS remodels compliance for DA members

Personal Touch Financial Services has revamped its directly authorised proposition to align it more closely with its network model.


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