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Assureweb in cover tie-up with HLP

Assureweb has linked up with HomeLoan Partnership to offer its members access to exclusive life protection products.

Assureweb will provide a protection panel for HLP’s chosen provider partners, AXA, Bright Grey, BUPA, Friends Provident, Legal & General, Liverpool Victoria, Norwich Union, Scottish Equitable and Scottish Provident.

Stephen Wynne-Jones, director of sales and marketing at Assureweb, says: “We believe e-trading should be at the heart of modern intermediary business and it is clear that Assure-web’s protection proposition has been designed with this in mind.

“HLP is highly regarded in the mortgage network arena and its decision to choose Assureweb shows that prominent industry players are recognising our appeal.”

Martin Cave, managing director of HLP, says: “We are delighted that Assureweb’s proposition matches our business processes and will help to add value for our members by reusing data when they apply for policies electronically. This should save time and reduce errors.”

Norwich and Peterborough has launched into the buy-to-let market in Gibraltar and also improved the rates on its Spanish mortgages.

Richard Barker, product manager at N&P, says: “We have been helping UK residents and ex-pats to buy or remortgage their main home in Gibraltar, holiday property or retirement residence since 1998 and are pleased to be widening our offering to include buy-to-let properties.

“Buy-to-let is a growing market in Gibraltar and we’re sure it will prove popular.”

He adds: “We’ve improved our Spanish rates in response to demand from those who have bought their home in the sun and are looking to make improvements to it. The costs for additional borrowing are higher in Spain due to the involvement of a solicitor, so we were keen to offer a fee-free product.”

With the Gibraltar buy-to-let mortgage, customers can either choose base rate plus 1% for the term of the loan with a maximum 85% LTV, no early redemption charges and 125% rental coverage, or a 6.24% three-year fixed rate followed by base plus 1% for the term, also with a 85% LTV and early redemption charges of 5%, 4% and 3% in the first three years.

Simon Conn, senior partner at Conti Financial Services, says: “We get few enquiries for Gibraltar as it’s a restricted area. Societies such as N&P, Newcastle and Leeds have been in the overseas market for some years but they have tended to stick to being savings banks and not lent to the local people.

“A lot of servicemen and ex-pats like to buy in Gibraltar and the prices can be a lot lower than places such as Spain.”


LMS service offered via M2000

LMS’ remortgaging service for packagers is now accessible through Mortgage 2000 and can be used via M2000’s m2-d and Casemaster. The system offers clients a number of features including the provision of automated documentation. It also gives introducers the chance to add an income stream from conveyancing referrals.

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Pink Home Loans expands sales team

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DTI supports fight again cowboy builders

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Out from the long grass? An IT and NI merger

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