From Andrew ForseyThe Mortgage Business’ computer problems are affecting my clients’ credit profiles. Recently, two have been declined for new mortgages with another lender as they are shown as having missed payments in the past 12 months with their lender, TMB. This has come about because, during TMB’s switch to its new computer system, in certain cases the full monthly payment was not taken. No arrears letters were sent out so clients would not know unless they checked their bank statements. When I challenged it, TMB’s collections department said it was just collecting the payments and was unaware of any negative impact on clients. Various telephone numbers were given to me from which I did not get any favourable responses. If you remember, TMB closed its doors to new business 12 months ago. Perhaps it should do the same for existing business until it sorts out its admin problems.
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Ansar Housing has revealed the development of its Property Purchase Agreement, a form of contract that is free of interest and that accords with Islamic principles of contract law.Under the Property Purchase Agreement, Ansar and the client will form a partnership under which both parties jointly purchase a property. The home-buying client will then rent […]
Mortgage Intelligence has launched a deal designed to take graduates from university to their first step on the property ladder. The UNI-STEP deal combines a stepped fixed rate with a loan that could be 6 x the graduate’s income if supported with a parental guarantee. To ensure affordability, guarantors are assessed on an individual basis. […]
IN THE PINKMole turned pink last week on learning Pink Home Loans PR manager Sarah Anderton had crabs. No word of a lie, it was the tastiest treat for Anderton during lunch at London’s trendy Roka Shochu. The Japanese restaurant is a fave with celebs in the know and was first choice for star stalker […]
Trigold has revealed that Amber Homeloans is the latest lender to feature on its Enhanced Non Conforming platform.Amber products and criteria are now live on the ENC sourcing module on Trigold.ENC is for brokers sourcing sub-prime mortgage products. Amber has built a reputation for innovative products, flexible underwriting and excellent service. It joins other sub-prime […]
Advisers need to assume three key roles
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