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£2bn wasted by borrowers per annum, claims says UK mortgage borrowers waste over £2bn every year in unnecessary mortgage payments by continuing with uncompetitive interest rate products.

It says advisers could reap handsome rewards by delivering these savings to their clients and that some £500m of procuration fees could be available.

The company says it has recently released a &#39build your own lender panel&#39 facility.

Advisers using the system already have a number of filters to tailor searches for clients. Now in addition to those filters, Advisers can apply the lender filter &#45 effectively forming their own panels of preferred lenders and ensuring that the daily search is conducted on their selected panel.

Chris Hill, managing director,, says: “With these new lender panel filters – is building upon its already unique position. It remains the only independent, low-cost and relentless service that reviews every client file every day for its re-mortgage potential.

“The service generates an income to advisers in its own right, frees up many hours for them to turn to more profitable ends and can save their customers thousands of pounds off their existing mortgage.”


xit2 expands its offices

xit2, has expanded its head office in Oxfordshire to meet the requirements of new customers, new contracts and support a rapid increase in business volumes. It has invested in the additional premises in the custom designed business centre in Charbury near Oxford as a result of a significant increase in overall business volumes and a […]

Veritape relaunches logo and slogan

Veritape, a provider of digital call recording services is changing its corporate logo and slogan to &#39Veritape – call recording made simple&#39. Cameron Ross, director of sales and marketing at Veritape says: “This reflects our new ethos that from the initial enquiry through to installation and customer support, your experience with Veritape is easy and […]

Martyn is the winner

Congratulations to Martyn Smith, product marketing manager at the L&G Mortgage Club – overall winner of the Mortgage Strategy and Mortgage Express 100% Football competition. Martyn received his prize, an autographed Brazilian team shirt signed by Pele, from Mortgage Express business development manager Tim Sturley (right) and MS deputy editor Rosie Gallagher last Wednesday at […]

Surrenda Link makes 48% gain on commercial property

Surrenda Link Investment Fund, the £28m property and TEP fund, is to realise a gain of 48.2% over the initial purchase price of a Derby-based commercial property in its portfolio. The remaining properties in the portfolio continue to deliver strong capital growth, as well as a rental yield of 8.4% per annum, resulting in an […]

Auto enrolment – so far so good?

Jamie Clark – Business Development Manager The recent report from the Pensions Policy Institute demonstrates the sheer scale of auto-enrolment so far and what we can expect in the future. We’ve pulled out the key information to save you reading the full report. Auto enrolment in numbers Sources: Pensions Policy Institute, The Future Book: Unravelling […]


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