Branded lender ICMG and its retail broking arm, Essex and Capital Mortgage, has unveiled a £1m investment program designed to take the business into the forthcoming regulated market.
The program of capital investment, which will include a new inter-active website, bespoke processing software, state of the art computer system, construction of 2000sq ft of office space, and the recruitment of 20 new staff to be split equally between the two distribution channels.
Chris Gardner, director if ICMG, says: “The move underlines ICMG's total commitment to both retail and broker markets which whilst serving the same purpose have differing and diverse needs.
“The company believes that this massive investment will take service levels beyond those expected in the industry and will cut costs and shorten the whole process which will be of benefit to all.”
The development which started in may is expected to be complete by the end of the summer.
And Jonathon Naylor from Rooftop Mortgages, one of the main panel lending partners, says: “The company is supportive of ICMG and Essex and Capital and its investment into the new regulated market. Rooftop itself is a new generation lender and share ICMG's vision of the future.”