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Online fastrack approval process by first4Brokers

First4Brokers, the newly launched mortgage network, is inviting broker firms of any size to complete a fastrack approval form.

With the creation of this process, F4B promises to confirm within 48 hours whether a due diligence&#39 process is required. Following

completion of the full application form, F4B will then undertake due diligence and give full approval within just 14 days.

One week since its official launch, F4B is currently processing 30 applications for assessment for Appointed Representative, which includes one to two man bands through to firms with 70 plus advisers.

Charles Gooding, managing director of F4B, says: “Mortgage Day is no longer something brokers can keep putting off. We know that a significant proportion of brokers have not applied directly to the FSA and have still to make suitable arrangements with a network.

“With less than six weeks to go they need to get organised fast. For that reason, we have created a system that streamlines the application process without compromising our high standards of assessment. It also offers brokers peace of mind with an immediate response. Although there is limited time available we are doing all we can to help.”


Burton joins Advantage business development team

Burton began professional life as a mortgage broker before becoming a BDM for a mortgage packager in 2001 and so brings with him the experience and understanding of the needs of both worlds. He cites Advantage&#39s distribution strategy as one of the key attractions: its presence on the panel of most major mortgage networks means […]

70% of regions see landlord rental incomes rise

Rents increased in seven regions, with the largest rise in Wales, up 11.4% to £8,859, the East Midlands up 6.3% to £9,721, and the West Midlands up 5.5% to £9,499. Rental incomes in both the North-West and East Anglia rose by over 3% to £7,009 and £8,854 respectively, while smaller rises were seen in the […]

Equity IFAs in dark on KFI progress

Dean Mirfin, business development director at Key Retirement Solutions, says: “One of the biggest problems is that lenders are not communicating with intermediaries. We haven&#39t seen the new illustrations, which we need to do before October 31. There is no clear timetable coming from providers. “We are having to chase lenders and providers to see […]

MPLC to relaunch website

The website will include online Key Facts Illustrations, decisions in principle and applications. Future enhancements include online commission-tracking and case-tracking. The KFIs, DIP and applications will be available by October 31, 2004. In order to access these features, you need to register/re-register your details.


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