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3mc recruits underwriters

Mortgage distributor and online packager 3mc has recruited four mortgage underwriters to join its existing teams of underwriters.

Doug Hall, sales director, at 3mc, says: Since the launch of our online generic application form with enhanced procuration fees, the feedback from intermediaries has been very positive.

95% of applications currently being received at 3mc have been submitted online, due to the increased levels of business we are receiving, it is important that 3mc offers the level of service that our customers have come to expect from a technology based packager.

Service as well as the amount of procuration fee paid to an intermediary is high of every intermediarys agenda when deciding which distribution route is best to submit their applications.

The four new underwriters will compliment the five lender onsite underwriters provided by Freedom, TMB, Victoria, DB Mortgages and Rooftop Mortgages and will assist in continuing to offer the highest of service standards to our intermediary customer base and our growing band of satellite packagers.


S&S brand to keep brokers informed

Stroud & Swindon is planning to launch a specialist subsidiary brand later this year targeting brokers with the promise to keep them in the loop over their clients’ financial situations.S&S, which distributes more than half its mortgages via brokers, says the subsidiary will be technology-driven and will go even further than Accord Mortgages in developing […]

Many lenders will consider fast-track at 75% LTV

I recently got around to reading Alan Cleary’s response to the Dilemma featured in the January 29 issue of Mortgage Strategy. The question came from a broker confused about how to use fast-track. He had a client with a salary of 100,000 (40,000 basic, the rest commission), and was looking to buy a 300,000 property […]

RBSIP extends Natwest fees deal

RBS Intermediary Partners is extending the NatWest five for two fees deal for intermediaries’ buy-to-let remortgage clients. The fees deal, launched last month, allows intermediaries’ clients who have buy-to-let portfolios with another lender, to remortgage up to five properties with NatWest and only have to pay two arrangement fees. Brokers now have until June 29 […]

Prices up, says Land Registry

Land Registry data reveals the average house price for England and Wales rose by 0.6% in April to £179,935, while average London house prices hit £333,785. The annual change was 9.1%.

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Preparing for the changes to the pensions market

As more and more providers start to reveal their stance on the charge cap and removal of commission and active member discount pricing, we thought it would be worthwhile to look at what these are, and the steps businesses should be taking to prepare for this.


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