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NR increases proc fee to boost online business

Northern Rock had offered a 150 bonus fee for cases submitted online through the Mortgage Trading Exchange and Trigold, but has extended its offer until December 31 this year, following positive feedback from brokers.

Ron Stout, spokesman for Northern Rock says: “Our original offering was successful, so we have increased it to 200.

“We believe our site’s streamlined procedures make it attractive and we want to encourage brokers to use it. Submitting online applications is growing in popularity.”

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Boosting choice

A consortium of 15 local authorities and housing associations has been given 1.6m to help set up sub-regional choice based lettings schemes as part of a government drive to offer more choice and better services for home seekers.

Dear Delia

A recent issue of Mortgage Strategy highlighted the fact that there is a Council Tax revaluation looming. Can you tell me any more about this or indeed any other creative ways governments have imposed taxation on the good folk of dear old Blighty simply because they had the good fortune to own a house?

Affordability figures must add up

Do mortgage packagers and lenders pay too much for their valuations? In most areas of business, panel managers do just that – manage panels of experts to ensure the best service is delivered to their clients at the best price.

Key Retirement Solutions welcomes possible introduction of home reversion regulation

Key Retirement Solutions welcomes the third reading of the Bill to introduce formal regulation of home reversion schemes. The reading that took place yesterday paves the way for royal assent to be granted by the end of the year. Dean Mirfin, business development director of Key Retirement Solutions, says: “We welcome the passing of primary […]

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