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Lending volumes top 18bn at L&G

The Legal & General Partnership says that since Mortgage Day, it has seen lending volumes of 18.5bn.

L&G went through a huge transformation pre-Mortgage Day to ensure its firms had enough compliance support to be able to trade successfully in the regulated environment.

A risk-based technology system featured heavily in this, designed to help advisers meet regulatory and reporting requirements. So far, over 250,000 customers have been advised using a point-of-sale system introduced for M-Day.

Graham Newitt, managing director of intermediary solutions at L&G, says: “We believe that by working closely with lenders and listening to advisers we can develop products that match customers’ requirements.

“A challenge for lenders now is to aggregate their acceptance in principle systems. This would help customers and advisers explore their options from one source.”

He adds: “The life and general insurance markets have supported these consolidated services for some time providing real time, accurate illustration information to portals and other service providers. The mortgage industry must do the same. It is not viable to expect users to visit individual websites for all this information.

“Placing property on the market at a realistic price would bring benefits all round and help stimulate the housing market.”


Unisys launches mortgage modules

Unisys has launched a major extension to its Unisys Financial Services Solution. Mortgage Origination modules enable the management of processing requirements by mortgage providers, with the ability to meet FSA requirements.

M2000 to recruit head of operations

Mortgage 2000 Finance Group is looking to appoint a head of operations to run mortgage processing facilities offered by a number of its distribution channels, and a key account manager to manage the relationship with the groups’ top 100 intermediaries.

50% of consumers feel misled by adverts

An online survey by has revealed that 55% of consumers feel they have been misled by an advert offering a headline grabbing interest rate.The survey also shows that 16% of consumers have made an official complaint about a financial services company. Emma Butler, editor of, says: “The whole idea of an advert is […]

Lifestyle factors drive equity release

While 2005 may be a year of consolidation for the equity release market as a whole, demand is clearly there. The challenge, as always, is to spot and court the potential clients.

Get your New Year off to a flying start

Ross Jackson, Senior Marketing Manager There’s no denying that these days we expect things quickly. You might have noticed it first-hand during the flurry and rush of the Christmas period. The fact is that in a world of smartphones, social media and click and collect, most clients expect to get an instant response and a […]


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