Buy to let Online application system enhanced M
ortgage Trust has enhanced its online application process to ensure it continues to provide intermediaries with a quick,
simple and efficient service. Intermediaries can now pay fees online via the
www.MTon-line.co.uk website using the new Paypoint service, and will also receive a copy of their completed application form via email on full submission. Mortgage Trust’s product range caters for smaller-scale landlords in the buy-to-let market and is only available via intermediaries. John Heron, Mortgage Trust MD said, “These features allow the
intermediary to offer an even better, more streamlined service.” Mortgage Trust products are available for single, self-contained
properties only whilst Paragon Mortgages focuses on professional landlords with more complex and bespoke needs.
deals
Chesterton Humberts buys into Springtide Capital
C
hesterton Humberts has acquired a significant share in Springtide Capital, a professional mortgage advisory firm.
Springtide will operate as Chesterton Humberts’ exclusive intermediary for mortgage referrals. It has built an extensive network of estate agency introducers which it will continue to service. The Chesterton Humberts investment will enable Springtide to expand the company’s operations, whilst developing into the South West and Midlands, through Chesterton Humberts. Robert Bartlett, Chesterton Humberts’ CEO, says, “Springtide Capital provides an excellent service which has been of significant value, especially during a period of limited mortgage availability. The timely provision of mortgage offers is an essential part of a successful sales process and we see considerable value in expanding our relationship with a provider which offers such professional and competitive service.
Fsa FSA Mortgage Market Review delayed T
he delay in the publication of the next Mortgage Market Review consultation
paper presents an opportunity for the industry, says, John Heron, Chairman of The Intermediary Mortgage Lenders Association (IMLA), after the FSA announced the delay of the publication until the Autumn. IMLA, the trade body representing lenders who market their
products through brokers, believes the FSA’s decision presents an opportunity for the mortgage industry to engage with the regulator in the interim to explore any particular concerns it has, particularly around affordability assessment. Heron says, “We welcome the delay because it is vital that the
FSA gets such an important document right and that its analysis is of the highest possible standard to enable an informed debate. This is an opportunity for lenders to work with the FSA to address concerns it has about the industry and the way it operates.”
PROPERTYdrum OCTOBER 2011 41
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