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Beacon may already be in IMLA fold

Rumours are rife that Beacon Homeloans has been accepted into the fold of the Intermediary Mortgage Lenders Association.

Beacon was launched earlier this year by the enigmatic Mark Abbott, former Future Mortgages chief executive, and sales maestro Brian Pitt.

The Beacon Group also consists of IFA, Beacon Asset Management and packager Beacon Mortgages.

Its distribution and sub-prime business is run exclusively through the Regulatory Alliance of Mortgage Packagers, whose members include some of the biggest names in the packaging industry.

Pitt declined to comment as to whether Beacon will be joining IMLA, which represents the views and interests of lending institutions involved in the generation of mortgage business via professional financial intermediaries.


The Mansfield lowers mortgage rates

The Mansfield Building Society has reduced the rates on two of its most popular mortgages.The rate on its two year fixed rate mortgage has dropped to 4.5%, while its three year fixed rate mortgage has been reduced to 4.7%, both with immediate effect. The overall cost for comparison is 6.3% APR and 6.2% APR respectively.Both […]

GE rebrands lender as GE Money Home Lending

GE Consumer Finance Home Lending is to be rebranded as GE Money Home Lending from Tuesday October 4, as part of a GE global initiative to align all worldwide businesses under a single brand. In the secured sector, due to the brand values, the igroup and First National brands will remain on its first and […]

Mansfield cuts rates on two deals

Mansfield has cut its rates on two mortgages. The rate on its two-year fixed rate deal has been slashed to 4.5%, while its three-year fixed rate mortgage has been reduced to 4.7%.

GMAC-RFC reports 79% broker satisfaction

GMAC-RFC says that over three-quarters of brokers are satisfied with its level of service. A recent survey shows 79% of brokers said the service was above or better than average and 67% reported turnaround times were good or excellent. GMAC-RFC attribute its competitive standards of service with its POSD system, which benefits brokers by freeing […]


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