View more on these topics

Mortgage 2000 Mortgage Club increases proc fees

Mortgage 2000 Mortgage Club is increasing procuration fees to brokers placing cases with Nationwide and Woolwich via the club.

Brokers will now receive 0.3% of the mortgage advance on all Nationwide cases, 0.3% of the mortgage advance on Woolwich standard, Open Plan and buy-to-let products, and 0.5% on Woolwich offset products.

Alan Collinson, m2-mortgage club national sales manager, says: “I&#39m delighted that we have been able to negotiate these significantly improved terms for club users. The announcement is testament to our growing presence in the market, and signals our determination to further establish the club as a large and influential business partner to all brokers.

“Nationwide and Woolwich are key lenders, and I hope that by offering fees at this level, the m2-mortgage club will become the application submission route of choice for more and more intermediaries”

The m2-mortgage club now has a panel of 29 lenders, who account for over 90% of the mortgage lending market by volume. Lenders that joined in 2002 included Abbey National, Nationwide, Northern Rock, Yorkshire Building Society, the Portman, Future Mortgages and Virgin One Account.

The club is available to any MCCB registered intermediary.


Low key

Are house prices heading for a painful correction or will inflation continue its upward spiral? Harriet Williams reports on industry predictions for the year ahead while Stephen Knight, executive chairman of GMAC-RFC, says lenders seeking relationships with large intermediaries will need to develop remote processingExtra! Extra! Read all about it: House prices set to tumble… […]

Mortgage Next forms alliance with AXA

Independent mortgage distribution network Mortgage Next has formed a strategic alliance with AXA Adviser Network as part of AXA&#39s Mortgage Solutions. This integrated support package provides advisers with a market wide choice of lenders through a customised Trigold mortgage aggregator package backed up by a general insurance and compliance support package. Mortgage Next will provide […]

Words of comfort In uncertain times

Welcome back to Mortgage Strategy and Happy New Year! 2003 has barely started, yet already the doom mongers are on the march and the mortgage market is a hive of activity. As we explore in our cover feature starting on page 17, had some of December&#39s headlines to have been believed, many of us would […]

Bank of Ireland Mortgages withdraws current range

Bank of Ireland Mortgages has withdrawn its current mortgage range pending the launch of new products on January 13. The bank will continue to accept any outstanding applications until January 8. Any applications in principle forms must be returned in the 28-day timescale.

Europe: why persist with value today?

By Rob Burnett, Neptune’s Head of European Equities The Neptune European Opportunities Fund remains committed to a value bias. We see a broadening array of opportunities in diversified industries at compelling valuations today. The most complicated part of the market is the European banks. We are currently overweight in this sub-sector as many banks are […]


News and expert analysis straight to your inbox

Sign up