Primrose has confirmed that it is finalising plans to offer full real-time integration with four lenders and provide brokers with point-of-sale binding decisions via its evaluate technology.Kevin Friend, national accounts director at Primrose, says it is working with GMAC-RFC, Advantage, Kensington Mortgages and Platform to integrate with their systems in time for its launch on September 4. Integration with six other lenders on its panel will follow. In the longer term, Primrose aims to provide point-of-sale offers via electronic sourcing system evaluate and instant completions on remortgages. Friend says: “Evaluate will allow brokers to input enquiry information only once and receive binding decisions from up to eight lenders. Networks are especially keen on this type of technology as it complies with Treating Customers Fairly and doesn’t involve having to re-key information.” Primrose is not on edeus’ panel but Friend attributes this to edeus’ technology, which is not yet able to link in with evaluate.
Brokers and lenders have questioned how successful the voluntary rollout of Home Information Packs by the Association of HIP Providers will be. The first stage of AHIPP’s regional rollout of HIPs and Home Condition Reports will take place from November 6 in Southampton, Bath, Northampton, Newcastle, Cambridge and Huddersfield. But Malcolm Graham-Jones, head of lending […]
Beacon Homeloans has appointed Bill Winters as account manager to cover the North and Scotland. Winters joins from Southern Pacific Mortgage Limited where he held the position of national sales manager for strategic partners. He brings with him more than 30 years experience in the mortgage industry and has had previous account management experience with […]
Homeloan Management has made Mark Smith managing director. He will report to Steve Haggerty, whom the company has appointed chairman following his promotion to group commercial director of parent group Skipton.
The Financial Services Compensation Scheme says it is aware of at least 300 complaints relating to mis- selling by Berkeley Berry Birch Network, which it declared in default last week, allowing consumers to claim compensation. Following the sale of assets from BBB Network – formerly known as Berkeley Independent Advisors – to Tenet Group in […]
By Robin Geffen, fund manager and CEO
This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar.
In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.
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