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Brokers say lead firms are poor value

A surprising 58% of Mortgage Strategy Online readers say lead generation firms do not offer value for money.

Proving that the industry has much to do improve intermediaries’ faith in the services it provides, just 42% of brokers say they see a value in buying leads.

This week, Mortgage Strategy asks: “Could the home buying process be completed in three days online?”

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MPLC, not anti cascade systems

Mortgages PLC has clarified its stance regarding cascade underwriting following a press release issued last week in which it urged intermediaries to exercise caution when using cascade systems. The lender has also received a number of messages of support from key distributors in the market, including Pink, Genesis, and Enterprise.Peter Beaumont, sales & marketing director […]

Broker to feel heat, courtesy of TMO

Nick Triniman of The Mortgage Marketplace, Salisbury, is the winner of The Mortgage Operations’ prize draw for a 2,000 holiday to anywhere in the world. Triniman was picked at random from brokers who entered TMO’s online sub-prime survey via Mortgage Strategy in July. Triniman says: “Escaping a cold UK Christmas is now a possibility.” Alex […]

Pink adds Stroud & Swindon to lender panel

Pink Home Loans has added Stroud & Swindon and its subsidiary Stroud & Swindon Mortgage Company to its direct submission lender panel. Stroud & Swindon is an independent top 15 building society that has made both its prime building society mortgage products and its evolve range of sub-prime mortgages available to Pinks introducers. The evolve […]

Financier jailed for 12 and a half years for fraud

Financier Ian Andrew Leaf was jailed today for 12 and a half years at Southwark Crown Court for fraudulent trading.It follows an eight year investigation by HM Revenue & Customs.The 76m fraud centred on a company purchase scheme, which involved Leaf buying 13 UK subsidiary companies that were subject to UK tax. Once Leaf acquired […]

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Health Shield announces strong results

Health Shield, a corporate health cash plan provider, has announced that it has increased gross annual premium income to more than £25m in another year of strong organic growth.

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