View more on these topics

ICMG and Essex and Capital unveils £1m investment programme

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&#39s 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&#39s vision of the future.”

Recommended

Welsh hotspot

The Welsh property price boom continues unchecked with the UK&#39s biggest house price increases during the past 12 months – up by a whopping 57% in some areas. Wales has effortlessly outstripped most of the UK, boasting four of the top 10 counties with the biggest gains in property prices. In Gwynedd, prices rose by […]

em-financial adds three additional BDMs

em-financial has announced the appointment of three additional business development managers to increase the company&#39s national sales support. Daniel Spragg has been appointed as the business development manager for the Midlands, Jo Brookes will cover the South-Coast, and Mandy Jones will cover central London. Guy Garrard, em-financial&#39s business development director, says: “I am delighted to […]

Complete to use Home Buyer Systems IT solution

The Complete Network has chosen Home Buyer Systems as the IT solution for its mortgage network sales process, product sourcing and compliance monitoring activities. The Home Buyer Systems software provides a comprehensive MCOBcompliant sales process with a full audit trail for compliance monitoring , the prompting of follow-up actions and ongoing revision of CeMAP-related topics. […]

Mortgage Trust transformed

Paragon has helped transform Mortgage Trust into a profitable lender since it bought the loss-making Britannic Money last July, rebranded it in September, and switched its focus to buy-to-let from current account mortgages. Austin Jelfs, head of sales and marketing at Mortgage Trust, says the profits come at a time when the company has only […]

Canada Life annual IHT survey results

75% of wealthy unaware of new residence nil rate band IHT allowance Just 4% were aware the new allowance will be up to £175,000 per individual Lack of awareness of IHT rules means families risk paying a bigger bill than they need 83% think the current inheritance tax rules are far too complex A remarkable […]

Newsletter

News and expert analysis straight to your inbox

Sign up