View more on these topics

Optoma extends deal with Kensington

Optoma Broker Solutions has revealed an agreement with Kensington, under which the cashback offered to clients on each product has increased from 250 to 1,000 (excluding near-prime, which has increased to 500), has been extended until the year end.

Qualifying applications must be signed before December 31 2005.

Andrew Seymour, chairman of Optoma, says: “Our close working relationship with Kensington means we are able to offer this deal for an extended period. Optoma aims to treat customers as fairly as possible and the 1,000 offer is a further example of our dedication to do that.”

Optoma offers over 800 Kensington products, accounting for a significant part of its business. The 1,000 cashback deal is funded through Optoma sacrificing some of its own proc fee.

Seymour says: “Optomas attitude is to drive business volume by benefiting the consumer. Advisers will still receive standard proc fees of up to 1%, which we think is appropriate. Kensington continues to support our model and we feel comfortable to sacrifice some of our own margin to make it work.”

Harpal Singh, operations director at Optoma, says: “The extension of the 1,000 deal is very pleasing for us as it shows our continuing dedication to ensure a great service for intermediaries and their customers.

“Kensington has continued to evolve this year, launching a near-prime range as well as fixed and capped rates with no early repayment charge tail. More recently it has launched a flexible range, predominantly for the self employed.”


Fidentia launches Hungarian mortgage deals

Fidentia Group has launched a range of Hungarian mortgage deals.Budapest, the capital of Hungary, has enjoyed a property boom recently, and offers investors capital gain of between 15% and 20%, and increasing rental returns currently averaging upwards of 6%. Newton Scott, chairman of Fidentia Group, says: “Whether clients are looking for a mortgage to buy […]

Barclays appoints mortgage service director

Barclays has appointed Dyan Beito as mortgage service director, reporting jointly to Deanna Oppenheimer, chief operating officer of UK banking, and Mark Parsons, managing director of Home Finance. The appointment follows Barclays decision to bring in-house the end to end delivery of its mortgage service. Ms Beito joins Barclays with immediate effect.

Lighthouse launches panel

National IFA the Lighthouse Group is launching a panel of lenders including high street names such as Abbey, Halifax, Nationwide and Northern Rock, while maintaining a link with the Scottish Provident Mortgage Alliance. Lighthouse has also appointed two packagers to provide services and exclusive products to members.

Goldsmith Williams celebrate 1000th online case instruction

Goldsmith Williams is celebrating the success of its online case instruction pilot schemes after receiving more than 1000th online case instructions. The conveyancing firm receives online instructions via a variety of third party channels including mortgage management software. Working with mortgage companies, Goldsmith Williams helps companies to develop customised forms for intranets or extranets, allowing […]


News and expert analysis straight to your inbox

Sign up