View more on these topics

CMLS signs up Capital Mortgages

Complete Mortgage and Loan Services has signed up packager Capital Mortgages as a CMLS franchise.

The franchised company will be called Complete Mortgage Services (West Sussex), which will become a trading style of Capital Mortgages. Capital Mortgages currently has four staff and it packages mortgage cases for regionally-based mortgage brokers and is directly authorised by the FSA.

Debbie Gallagher, director of Capital Mortgages, says: “We wanted to find a way to offer a large lender panel and good exclusive products to our brokers but this is increasingly difficult to do as a smaller packager.

“Becoming a CMLS franchise means that we can gain the lender and product benefits of a larger packaging organisation, while still retaining our independence, our one-to-one contact with brokers and our friendly service culture.”

Tony Salentino, director of CMLS, says: “The broad and flexible nature of CMLSs franchise model is ideal for smaller packagers who want to benefit from CMLSs wide range of packaged lenders, our extensive portfolio of exclusive products, and our good reputation in the marketplace.

“Franchises can be of any size, and be either directly FSA authorised or an AR of the CMLS Network.

“This route will also be ideal for large mortgage broker firms that act as satellite packagers, as it offers a wider range of lenders, more control and will help develop their businesses further.”

Recommended

Rents could rocket if tenants stop paying charges

Rents in the private sector could rise by as much as 15% if pressure to remove administrative charges from tenants is successful, warns the Association of Residential Letting Agents. The charges currently borne by tenants include the shared costs of reference checks and a proportion of the cost of tenancy agreements and inventories.Nearly 500 ARLA […]

FSA appoints two non-executive directors

The Treasury has announced that Karin Forseke and Michael Slack have been appointed as non-executive directors of the FSA. Stephen Timms, financial secretary to the Treasury, says: I am delighted to announce these appointments. Karin Forseke is a leading international investment banker who will offer a broad range of experience in capital markets and strategic […]

Garfield returns to Charcol

Charcol has confirmed that John Garfield and Charles Wishart are once again involved with the business that they founded some three decades ago.The announcement signifies the sale of Charcol by Bradford & Bingley and it is a move that marks the beginning of a new era for the company that was founded in 1974.John Garfield, […]

PMS withdraws exclusives from M2000 Encore system

Premier Mortgage Services will be withdrawing all itsexclusives from the M2000 Encore sourcing system until further notice, with immediate effect.PMS says it has come to its notice this week that should a PMS member transmit a mortgage application through the Mortgage Trading Exchange, via the Encore sourcing software, they will not be recognised as a […]

Thumbnail

Improving health and wellbeing through pensions auto-enrolment

As the auto-enrolment revolution is rolled out to companies with between 50 and 249 people, employers will be grappling with the new rules and requirements. Even though introducing the new regime can be time consuming, many employers are regarding it as an opportunity to review their benefits packages, with employee health and wellbeing regarded as a popular addition.

Newsletter

News and expert analysis straight to your inbox

Sign up