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Optoma Playstation giveaway to 5,000th application

Optoma Broker Solutions expects to receive its 5,000th sub-prime approval in principal within the next week, and to mark the occasion is presenting the intermediary who submits the application with a Sony Playstation PSP hand-held games console, courtesy of Platform.

Once the intermediary completes a short form on the Optoma website, Optomas underwriters respond with three solutions, from the companys sub-prime panel of nine lenders, including Platform, SPML & Kensington.

Each solution will have been credit searched and underwritten, giving the intermediary the ability to confidently provide advice, based on accurate information.

Harpal Singh, operations director at Optoma, says: “The online AIP is time saving and easy to use, but the real value is in the fact that we do the credit check and we manually underwrite each application, looking across all of the clients details.

“We all know that clients needs vary and lenders offers will differ across a range of criteria. Generic solutions wont work; but individually tailored ones will.”



LHA Pathfinder report highlights letting activity

Key early findings from the evaluation of the Local Housing Allowance Pathfinders, are published today. The report is part of a series that gives feedback on the evaluation and looks at the early impact of the LHA on landlords and letting agents, around a year after its introduction in each of the nine Pathfinders. The […]

Government defends HIPs

Yvette Cooper, housing minister, has defended Home Information Packs as good for consumers as the government published draft regulations for consultation of the contends of the packs. Cooper says that HIPs, which are being introduced by the government in February 2007, will benefit first-time buyers and aim to cut the overall costs of buying and […]

Quantum to join Home of Choice

Quantum Mortgage Brokers is to resign its directly authorised status by applying to join the Home of Choice network. The decision to apply to become an appointed representative came after months of deliberation and at a time when the boutique brokerage is seeing a growth in business. Jonathan Burridge, managing director of Quantum, says: “We […]

Government links building control to housing warranty schemes

The government is introducing a new rule linking building control by approved inspectors on new homes with designated housing warranty schemes.The Warranty Link Rule will increase competition and choice in building control across the whole range of regulated building work, whilst providing residential owner-occupiers with appropriate safeguards.Yvette Cooper, housing minister, says: “From today the WLR […]

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Company sick pay – new findings

Research by insurer LV= suggests that some 11 million employees in the UK have no company-paid sick leave entitlement. So if an employee from within the above grouping cannot work through illness or injury for any period of time, their only income would likely be that provided by state benefits alone.


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