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MSN not one of the network four

Mortgage Support Network has confirmed it is not one of the four networks recently forced by the Financial Services Authority to stop recruiting appointed representatives until they get their systems in order.

MSN says it continues to actively recruit new ARs and is hoping to add a further 100 firms to its network over the next 12 months.

Jason Graham, managing director at MSN, says: We feel it necessary in light of the continued speculation over who the four networks actually are to ensure both our existing members and new ARs looking to join us that we were not one of the four.

In fact quite the opposite. During a recent thematic visit by the FSA on controls of ARs the FSA confirmed: We found your recruitment process very thorough and your firms understanding of requirements, prior to approving the application for a new AR, to be strong.

Our doors are still very much open to those ARs looking to join a quality network.


Coventry offers free legals for Scottish remortgages

The Coventry is offering free or discounted legal packages for the first time for remortgages in Scotland. The incentive has been a key feature of the societys remortgage products for some time, but due to the different legal system in Scotland this has not been an option for potential Coventry customers north of the border. […]

Dear Delia

Dear Delia, My client is relocating abroad for the foreseeable future and wishes to remortgage her residential property as a buy-to-let investment. Her mortgage balance is 118,000 and the property can be rented out for 600 per month. Can anyone help?

Arrears warning

Moore and Blatch has warned that lenders need to keep a watchful eye on arrears as the unemployed find it harder to regain work.

We must keep the big picture in mind

People seem to be getting used to the idea that Home Information Packs will not include compulsory Home Condition Reports. The general opinion seems to be that this is a good thing and people are certainly not as hostile towards HIPs as they were a few weeks ago.

A question of service

Roy Armitage, head of credit, LendInvest Selling a loan is the part of a lender’s workload most visible to brokers and borrowers. Just as crucial – but less frequently observed – is how that lender services that loan. A commitment to quality servicing is one that’s front and centre for us at LendInvest and it’s […]


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