The offer also extends to the entire range with Mortgages Plc with the exception of near prime and near prime+.
The incentive to increase broker proc fees to 1.25 per cent with the addition of a 0.75 per cent customer cashback and free valuation extends across SPML, GMAC and now Victoria and Mortgages Plc.
David Wylie, managing director at c2, said: “To say that our incentive has not been well received by some other packagers would be an understatement.We are well aware that the extent of this give away will not be welcome news to our competitors. This is of absolutely no concern to us as we are interested in providing our intermediaries with market leading products and proc fees. As stated previously stated we intend to continue rolling this incentive out across further products in the non conforming range over the next two to three months.”
This incentive will be available on all new applications received after the 10th of November 2005.
News of the cashback extension comes alongside a substantial recruitment drive. C2 has increased the number of employees by just under 10 per cent and now employees over 100 people at its offices in Hampshire and the secured loan division in Hertfordshire.
Some of the key appointments include David Purling who joins the compliance department in the position of internal auditor. He had previously been employed by Lloyds TSB and Co-op Financial Consultants. Charlotte Ball joins from GMAC Residential Funding as a BDM within the secured loan division and Sarah Wild joins from Solent Mortgage Services to become the latest edition to c2’s team of mortgage BDM’s.
In total nine new people have joined the company in the last month and further recruitment is still ongoing.
David Wylie said: “We take the issue of recruiting additional staff very seriously indeed because we are determined to maintain a low cost base.Increasing business volumes however and in particular record new business months for September and October have made it absolutely essential for us to increase staff numbers. We have further plans to recruit additional BDM’s to cope with the demand for our products and there is no doubt in my mind that we are now achieving one of our major goals in increasing our market share.”
