Since 1982, Chase De Vere has been serving the needs of borrowers in London and the South-East who require large loans and a highly personalised service. Through this strategy, Chase De Vere Mortgage Management has enjoyed significant levels of growth, building a substantial client base of borrowers who are comfortable with the principle of paying advisory fees for high quality mortgage advice. The Company is sustaining record business levels and continues to expand by recruiting top quality experienced brokers.
As the market continues to evolve, there is a significant new customer base emerging, consisting of mid-market borrowers across the UK who, whilst valuing the services of an intermediary, in reality want a simpler service with rapid execution and are unwilling to pay fees for a more personalised and comprehensive service. These potential clients currently choose not to approach Chase De Vere Mortgage Management.
The new business, which will operate on a national basis, will offer these customers a fee-free service with rapid decision-making, based on a simpler product proposition and outstanding systems. The new venture will be run by Mark Chilton who established Savills Private Finance and a team of industry experienced executives . It will operate a telephone-based advisory service from a new call centre on the south coast and promises a number of innovations in customer service for this sector of the market. The new business will announce its brand name and more details about its proposition to the market in a few weeks’ time.
Simon Tyler comments:
“For some time, the mortgage broking market has been polarising between fee charging and non-fee charging business models. I feel that this trend will be accelerated by the FSA’s regulation of mortgage distribution and the desire of lenders to see the market consolidate. As a result, and in common with other industries, it is desirable for business owners to diversify their distribution strategy across more than one section of the market.
We are excited about this new proposition and more details of the new business will be released soon by the management team.”
