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Alexander unveils charity initiative

Alexander Finance Services is launching an initiative that allows brokers to donate 1% of their proc fees to charity.

The packager has set up the Red & Black Club through which it will donate 1% of its commission and brokers donate 1% of their proc fee for a case to charity.

Paul Suchet, managing director of AFS, says: “This means that on a typical £300,000 case, we expect a donation to charity to amount to £45. As we are processing around 100 cases a month, this would mean donations of about £4,500 a month to charity.”

Mike Fitzgerald, sales director at Brent-chase Financial Services, says: “This is a great idea as long as clients get the best deals and it is not detrimental to them. Giving to charity should spread across the industry.”


BDS appoints four new recruits

BDS Mortgage Group, the south coast packager and network has appointed four new underwriters to its team.The new staff members are Laura Woodman who joins from Purely Mortgages and Vicky Phasey and Leanne Cherret and Sarah Poett who were previously employed by C2. Along with an 80 strong membership of their Network, BDS now boasts […]

More rate rises to come, says CML

The Council of Mortgage Lenders says it is not surprised by the decision by the Bank of England to raise interest rates from 4.75% to 5%.Michael Coogan, director general CML, says: “Financial markets have been anticipating a rise in interest rates since the last one in August, so today’s news should come as no surprise […] fears for market’s future says the Bank of England’s decision to rise the interest rate could prove bad for the market.David Bexon, managing director of, says: “The 0.25% rise was a dangerous decision and could prove extremely detrimental to the market. The Bank of England would have been well advised to listen to recent calls from industry […]

MBSL links up with the Exchange

Mortgage Broking Service Ltd has chosen The Exchange’s Exweb portal service as its preferred technology and ecommerce partner.All 130 advisers within MBSL will gain access to Exweb’s online services, which includes quotations, e-submissions, research and back-office integration.Jonathan White, head of strategic relationships at The Exchange, says: “This is a significant deal for The Exchange and […]


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