The online system allows users to track mortgage applications through to completion and will use Encore, Mortgage 2000’s product sourcing system, to obtain KFIs through MTE.
Standard Life Bank has also announced that after seven years, head of sales Alan Dring has decided to leave the Bank to pursue a new opportunity closer to his home in Staffordshire.
Chelsea reduces SVR
Chelsea Building Society has reduced its SVR in response to the recent Bank of England Base Rate cut. Cutting the rate from 6.74 to 6.49 per cent, the new rate is available immediately for new borrowers and will come into effect for existing customers in September.
Global Home Loans to manage Pru property plan
Global Home Loans has announced it will support and manage the Prudential’s new property value release plan. Responsible for providing processing systems end-to-end for the newly-launched release plan, Simon Hinshelwood, chief executive officer at Global Home Loans, commented: “This is a significant and exciting contract.”
