View more on these topics

BDS adds TMB to its satellite packager panel

BDS has added The Mortgage Business to its satellite packager panel.

The addition of TMB brings its panel up to 19 lenders, of which nine have onsite underwriting capabilities.

The lender is available to BDS’ satellite packagers immediately and TMB is recruiting an underwriter to provide an onsite underwriting and offers capability. It is also planning a product launch in the coming weeks.

Bob Hope, head of sales and network at BDS, says: “To have TMB on our satellite panel is a coup. We are delighted to be only the second packager in the country to be able to offer this facility, proving once again that BDS has the right strategy to generate quality business in the longer term. TMB has long been a vital ingredient in the BDS mix.”

David Murphy, director of sales and marketing at TMB, says: “We are delighted to be on the satellite packager panel so we can continue our long association with BDS and support its strategy moving forward.”

Recommended

Reduce exit fees, says Moneysupermarket.com

Moneysupermarket.com has called for exit fees to be reduced, following the Financial Services Authoritys call for exit fee transparency.Louise Cuming, head of mortgages at moneysupermarket.com, says: Since the FSA called for more transparency on exit fees back in June, lenders have failed to respond. Indeed, the only real movement within the existing market to date […]

Heritable Bank reports mortgage book growth

Heritable Bank has reported a 45% increase in its mortgage book in 2006.Its 2006 results also reveal an unaudited pre-tax profit up 43% at 10.7m compared to 7.5m for 2005.The UK specialist banking arm of the Icelandic bank, Landsbanki Islands, has declared its assets stand at 877m, an increase of 40% for the year. It […]

Mortgage Angels launches marketing database

Mortgage Angels has launched Angels Media to provide database marketing services and support to mortgage intermediaries and lenders.Angels Media will provide intermediaries and lenders with access to its comprehensive consumer and intermediary database for cross marketing and new business development. The consumer database includes some 360,000 contact details and the intermediary database some 30,000 brokers. […]

Landlords prefer to buy closer to home

New research for Landlord Mortgages has revealed that just over 77% of buy-to-let investors still choose to invest in their local area. Even in London, which boasts some of the highest house prices in the UK, over half of investors still choose to buy a property within five miles of their own residence.Investors who were […]

thimbnail

Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.

Newsletter

News and expert analysis straight to your inbox

Sign up