View more on these topics

Astra Mortgages has not seen a fall in new business

Astra Mortgages, which was laun-ched on 10 March as the broker brand of Norwich and Peterborough, says there has been no let-up in its volume of new business.

Graham Toy, managing director of Astra, said: “The good news is that 35% of new applications received since we launched has been successfully processed via our point-of-sale decision-making process.

“We’ve had a lot of interest in our 5.58% 10-year fixed product which has been quoted as a best buy in national newspapers.

He added: “The risk quality of applications is high and while it’s too early to be sure, there’s a sense brokers are routing their better deals through our POS-D system.

“An integral part of our pro-position has been the launch of this system, which gives decisions in 15 minutes but rates for risk, offering lower rates to lower risk customers.”


Stock Picker

Financial shares enjoyed healthy gains last week following a welcome injection of confidence into the US markets as a result of JP Morgan Chase’s revised $10 a share offer for Bear Stearns. HBOS rebounded strongly following the recent false rumours surrounding its liquidity.To counteract the rumours and bolster confidence in the lending giant, a raft […]

BDS Secured Loans extends commission incentive

BDS Secured Loans, the Fareham-based master broker, is extending its 10% extra commission incentive until the end of April 2008.The incentive, in addition to the very competitive commission structure already in place, forms part of BDS Secured Loans aggressive 2008 marketing strategy to highlight the benefits of its offering. All deals received by the end […]

Crime Ring

Tragedy visited Mortgage Strategy editor Robyn Hall last week, woth the theft of his beloved mobile phone.


News and expert analysis straight to your inbox

Sign up