Bank of Ireland Mortgages (BIM) has enhanced its range by reducing rates on selected three-year fixed mortgages.
The new standard residential rates are: 4.99 per cent fixed until 29 February 2008 up to 95 per cent LTV for loans up to £1 million; and 5.49 per cent fixed until 29 February 2008 up to 70 per cent LTV for loans over £1 million.
Mortgageforce extends Dashboard
Mortgageforce has been using the web-based solution Dashboard Software since January 2004 within its packaging division.
Following on from this implementation and a subsequent strategic assessment of future technology requirements to compliment existing back-office processes, Mortgageforce has announced that Dashboard will now be piloted within the other core processing division of the business.
Commitments joins with Trigold
Commitments Protection Ltd, the provider of ASU and home insurances to mortgage brokers, IFAs and network organisations, has announced an integration with Trigold enabling over 18,500 Prospector AAA users direct access to Commitments Protection’s product range.
Via a link on the software, as part of the mortgage sales process, advisers will access ASU and home insurance policies.
Exchange launches Synaptic Smart Search
The Exchange, the supplier of portal services to financial advisers, has announced the launch of Synaptic Smart Search, a product research tool.
The data is presented in a simple tabular format and can be filtered using a maximum of five product features to meet specific client requirements.
20,000 hits for CeMAP Services
CeMAP Services, the compliance guidance service from the Institute of Financial Services (ifs) and the Council of Mortgage Lenders (CML), has recorded over 20,000 web hits in its first month.
More than 1,000 people have already registered to receive monthly compliance updates. The service also offers a dedicated helpline on 0870 248 2004.
£100 million GMAC-RFC portfolio sale
GMAC-RFC, the UK’s 12th largest lender, has announced its fourth portfolio sale to E-Mex Home Funding Limited, a wholly-owned subsidiary of Cheshire Building Society, the UK’s 10th largest building society.
The £100 million deal comprised a blended pool of mainstream prime, self-certified and buy-to-let products and was completed on the 3 December 2004.
Intelligence to launch consumer-marketing campaign
Mortgage Intelligence is poised to launch a consumer marketing campaign early in the New Year to raise awareness of its network, enhance its reputation and generate leads for broker members.
The network has hired consumer marketing expert Louise Moir as head of marketing to spearhead the campaign, which will be centred on a new website www.mortgage-intelligence.co.uk.
Complete gains access to TMA
The Complete Network has announced an agreement with The Mortgage Alliance (TMA) that gives its AR members access to the TMA mortgage club lenders, in addition to the packaged lenders offered by parent company, Complete Mortgage and Loan Services Limited (CMLS).
The fee structure of the Complete Network means it will not deduct anything from members’ commissions.
Mortgage Trust predicts BTL growth
Mortgage Trust has revealed that 47 per cent of buy-to-let intermediaries expect to write more business in the coming three months than in the previous three. 40 per cent expect to do the same amount of business with only 13 per cent expecting to do less.
It says strengthening rental demand has led to landlords looking to add to property holdings.
