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HML signs servicing contract with Close Brothers

Homeloan Management has signed a three-year servicing contract with Close Brothers in the UK to service its intermediary channel business originated through its own subsidiary Mortgage Intelligence.

HML will process all the post completion administration from this channel following receipt of completed applications from MI.

Close has ambitious plans to grow its intermediary distribution channel through MI and HML will undertake its usual role in subsequent portfolio sales and securitisation transactions when appropriate.

Paul Fenn, development director at HML, says: Were delighted to welcome Close as a new client to HML.

This partnership demonstrates further HML’s expertise in this market which complements its existing service offering already firmly established in the UK mortgage market.

This is HMLs third contract of the year and 2006 is promising to be another excellent year for us; with other new contracts in the pipeline, were making good progress towards the ambitious growth targets we have set ourselves for the next couple of years.

We expect to welcome further blue-chip clients such as Close in the coming months.

Bob Golden, director of Close, adds: We are really pleased to be working with HML in this exciting new venture.

Service means everything to us and were very confident that HML will provide our clients with excellent service.


Hamptons propose fee free mortgage

Hamptons International Mortgages has called on lenders to act on unfair exit fees.When borrowers pay off their mortgages or switch to another lender they are often charged mortgage exit administration fees by the previous lender. Over the past decade these mortgage exit fees have soared by as much as 400% says Hamptons.Moneyfacts research shows the […]

SMS offers reduced cost Equifax credit reports

Solent Mortgage Services, the national branded mortgage arranger, is offering intermediaries and their customers access to Equifax online credit reports at a 34% discount to the standard cost. For 8.25, clients of SMS introducers can obtain their complete file, including details of credit accounts held, CCJs, arrears and IVAs and without leaving a footprint on […]

IT firm’s name derives from Greek operatic device

Having been away on holiday, I’ve only just seen the July 17 edition of Mortgage Strategy and Craig Focardi’s letter from across the pond. Craig mentions an IT firm in the US called Dexma, apparently short for ‘deus ex machina’ and wonders whether ‘god from a machine’ could be the translation. Well, basically it is. […]

Retention is not only about proc fees

The news that Halifax has radically overhauled its retention strategy has been high on the agenda recently, attracting glowing endorsements from around the industry. For those who may have missed the announcement, the UK’s biggest lender will now offer full proc fees on retained business while making the same mortgages available to both new and […]


Employer iPMI responsibilities could continue to escalate, says Jelf

New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.


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