View more on these topics

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 we will be working very closely with MBSL to help them as much as possible as they enter an important period of growth and strategic development ahead. The Exchange is the first block they have put in place to support these exciting future plans and we will play a key role in their expansion, developing technology solutions tailored to meet their growing needs.”

Tony Corrigan, managing director of MBSL, says: “Since joining MBSL in October, we have increased the life panel from six to 12 providers as well as significantly raising commission levels. With the new Exchange partnership we believe that our service can become more compliant, offering an even wider product choice and a more robust service.”

Recommended

Buyers head for cheap houses in the north

SmartNewHomes.com have revealed that escalating house prices are pushing new home-buyers out of the south and into the north.The average price of a new home in London was recorded as £427,875 in October, having grown 14% since the previous year. This positive growth in house prices has been echoed by both the South-East and South-West.As […]

Market prices Research from Halifax Estate Agents shows that 73% of market towns have higher average house prices than neighbouring towns in the same county.

Lenders have defended ex-tended early repayment charges following criticism from Hamptons Mortgages. The brokerage has de-nounced lenders that offer low initial rates accompanied by heavy ERCs for borrowers who apply for an extended period following the initial rate deal. It claims that this type of hangover rate is considerably worse value than other deals without […]

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 […]

Insomniac pays off mortgage

An insomniac has paid off her mortgage after she scooped £150,000 on late-night TV quiz shows. Financial expert Jo Richardson won £150,000 over the past year. She says: “I don’t sleep much which is perfect for entering competitions in which few people take part.”

Keep calm and carry on?

We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]

Newsletter

News and expert analysis straight to your inbox

Sign up