View more on these topics

BMS launches online application for additional lending

BM Solutions has launched its online application process for additional borrowing.

By allowing brokers to process applications online, BMS says it brings both cost and time benefits, reducing paperwork and manual form filling.

Once brokers have keyed in their applications, a decision letter will be despatched within 48 hours. This will be further enhanced in the near future with the launch of online decisioning.

Ray Boulger, senior technical manager at John Charcol, says: Many clients want their further advance funds quickly and now that a further advance lending decision can be obtained more efficiently by applying online, BMSs proposition is even more powerful.

Martin Reynolds, head of sales at BM Solutions says: BM Solutions works hard to constantly improve the online offerings for intermediaries. These developments once again see BM Solutions leading the market.

BMS’ One Minute Mortgage online application system reduces the time it takes to process a case with features including product matching, compliant KFI creation and electronic ID verification.


Industry learns to live with regulation

Today is the first anniversary of the mortgage industry’s regulation by the Financial Services Authority.Despite the doom mongering, the industry is broadly positive about a year that’s had more than its fair share of ups and downs. Rather than the bang everyone predicted, it was more a gentle thud as frustrations mounted in the first […]

Wesleyan appoints director of change

Wesleyan, the financial services specialists for the medical, dental and teaching professions, has announced the appointment of Steve Deutsch as director of change with responsibility for its business transformation programme.Previously, Deutsch was at Lloyds TSB Group as group project services director, where he played a key role in developing and repositioning the Lloyds TSB corporate […]

Lifetime trackers

The Woolwichis launching a lifetime tracker range which includes a offset deal at 0.59% above base rate. Alongside the offset deal it will provide fixed rate mortgages with built-in lifetime tracker facilities. Andy Gray, head of mortgages for The Woolwich, says: “There is a demand for long-term lifetime tracker deals and we want to guarantee […]

Pink’s intermediary website goes live

Pink Home Loans’ new website for the intermediary market is now live. The site has been redesigned to improve navigation, to make information more accessible and to provide intermediaries with a greater understanding of what Pink offers.Existing introducer members will benefit from greater accessibility to other income revenues, having access to more information online, therefore […]

How to cut mortgage fraud risk

Recent figures from Financial Fraud Action UK revealed a financial scam was committed, on average, every 15 seconds during the first six months of 2016, says Roy Armitage, head of credit at Lendinvest. That represents a 53 per cent rise year-on-year, with these scams coming in all shapes and sizes. Furthermore, a staggering 56 per cent of […]


News and expert analysis straight to your inbox

Sign up