Brilliant Mortgages which has totally revamped the existing Mortgage 2000 mortgage club proposition it purchased in February, has now doubled the size of its membership and believes that the increase in new members is down to significant improvements in the core proposition, particularly by paying procuration fees at the moment of completion.
According to managing director, Matthew Arena, the whole concept of a mortgage club needed to be refreshed to meet the new circumstances facing intermediaries.
He said: “As soon as we had reviewed the business model we had acquired, we made the decision to confirm that procuration fees would be paid on the day of completion. We believe that this is a fundamental change which all clubs and networks need to adopt and intermediaries have responded very positively. We have also expanded the lending panel and brought in new services such as insurance, debt management and savings, which members can now access all in one place.”
