Mortgage Choice has announced it will pass on a greater portion of its gross fee with Southern Pacific Mortgage Ltd (SPML) to brokers.
Mortgage Choice said this has led to market-leading proc fees for business received from 4 July 2005 and will benefit its customers and intermediaries.
237,000 retired homeowners to move this year
Economic Lifestyle has predicted 237,000 retired homeowners will move this year but has issued words of warning for anyone wishing to do so. Recent research revealed 70 per cent of retired homeowners took over eight months to sell their houses; a figure that managing director Mark Neal believed warranted attention. "Retired people who are moving home need to find ways in which to make the process easier and less stressful," he said.
Abbey launches ten-day offer commitment
Abbey for Intermediaries is to launch a ten-day mortgage offer commitment to highlight its new service pledge.
Abbey will guarantee, on all valid applications, to send out an offer within ten working days. Available to all Abbey mortgage applications at 75 per cent LTV or less, it says the commitment is 'the first of its kind from a major mortgage lender'.
