InterBay has appointed Crown Mortgage Management Ltd, (CMM) as its servicing partner. CMM will work as an extension of the InterBay team, with all Crown employees receiving full InterBay staff training.
InterBay will continue to process all applications in-house, up to offer stage, using its specialised team of loan managers and underwriters. The data is then transferred instantaneously and electronically to CMM to fulfil all the post-completion tasks.
Unity freezes rates
Unity Homeloans has frozen its fixed rates.
Ian Nelson, chief executive, Unity Homeloans, said: “We are in a very fortunate position of having brokers supporting us with high quality cases. We have, therefore, been able to hold our rates despite the recent Bank of England Base Rate rise.”
Coventry re-launches
MOREgage
Coventry Building Society has re-launched its MOREgage portfolio.
The Coventry’s MOREgage product is a combined mortgage and unsecured personal loan that gives first-time buyers and movers the ability to purchase their house and cover additional associated costs. The product offers a mortgage of up to 95 per cent loan-to-value (LTV), with an added unsecured personal loan facility of up to a further 30 per cent LTV, or a maximum of £25,000.
