View more on these topics

Nationwide recruits specialist underwriters

Nationwide has introduced specialist underwriters into its mortgage centres.

Intermediaries will now have direct access to underwriters in order to discuss individual cases.

Tim Hughes, head of intermediary markets at Nationwide, says: “We have taken the decision to place specialist underwriters in our mortgage centres as a direct result of feedback from intermediaries.

They want to know that if they have a difficult case that they can speak to someone about it to find out whether Nationwide will underwrite it.

“Not every application is straightforward and sometimes intermediaries need a point of contact to discuss aspects of their client’s application.

This is one of a series of developments we will be making to our intermediary proposition over the next few months to prove our commitment to the marketplace.”

The underwriters will be based in every new mortgage processing centre.

They have been recruited both internally and externally.


CML says house prises will be 7% higher at end of the year

The Council of Mortgage Lenders has revised up its forecasts for housing market activity for 2006 and 2007. But, at the same time, this has also prompted the CML to up its forecast on the level of interest rates and the extent of repossessions.The CML now expects house prices to end the year 7% higher […]

It’s tough to justify 10-year fixes

Until lenders offer get out clauses so clients can switch out of 10-year fixed mortgages, longer term deals will remain a tough sell in terms of best advice, says Sally Laker

No wonder drawdown is in the spotlight

I read with interest the comments of Mike Davies, the compliance director at BDS, reflecting on the Financial Services Authority’s latest mystery shopping exercise in the equity release sector in a recent issue of Mortgage Strategy.

Enterprise says 700 brokers have registered on Edge system

Enterprise Group says around 700 brokers have signed up to its Edge systemEdge is an on-line solutions and checklist-generation system for brokers in the sub-prime market. It provides on-line, accurate ranked solutions, for any given sub-prime enquiry, utilising all the products available through Enterprises lender panel. Michael Clapper, CEO at Enterprise Group, says: The pick […]


News and expert analysis straight to your inbox

Sign up