Nationwide says it will have its own trading system in place for brokers who don’t want to use the Mortgage Trading Exchange by early 2007.Mortgage Strategy revealed in August that Nationwide was looking at introducing an online platform as a way of maintaining service standards. Nationwide says it is in the process of improving all parts of its trading proposition. Tim Hughes, head of intermediary markets at Nationwide, says: “Brokers are able to use the MTE to access Nationwide’s products online but we are also developing an online system for brokers introducing business to us, and we hope to see the electronic application implemented during early 2007.” David Hollingworth, mortgage specialist at London & Country, says : “Nationwide has been behind the pack in offering this proposition and it is now having to catch up with other lenders. “We will have to wait and see whether Nationwide’s online trading system has any important advantages over the MTE.”
The Financial Services Authority has pledged to cut its rulebook in half to make rules easier to understand in line with its principles-based approach. The FSA will remove around half the content of the Conduct of Business rulebook and launch NEWCOB at the same time as implementing provisions of the Markets in Financial Instruments Directive. […]
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 […]
Gordon Brown and David Cameron will present their pro-business credentials at the Confederation of British Industry annual conference next month. With the relationship with business at the top of both men’s agenda, each will be keen to respond to questions at the interactive conference.
Trigold is offering brokers the chance to win a nebuchadnezzar of champagne worth £800 by submitting applications via the E-Trading Centre. The nebuchadnezzar is equivalent to 20 standard bottles of champagne, and is the largest bottle money can buy. Every application submitted through ETC prior up to December 15 will count as an entry into […]
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