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Allied Dunbar develops mortgage filtering process

Allied Dunbar has developed a &#39quality filter&#39 designed to provide its mortgage customers with the best deals in the market.


The filter utilises the Allied Dunbar mortgage application service software which was developed last year in response to mortgage code requirements.


The filter system monitors product simplicity, records of consumer complaints, redemption charges, fees and loaded interest rates in order to find the customer the best mortgage product.


As part of the filtering process the system will throw out loans with redemption penalties of more than seven months or 4.5 per cent of the loan as well as loans that tie customers into loans for more than three years after the benefit period expires.


Allied Dunbar mortgage marketing manager Tim Jones says: &#34With over 1,000 mortgage products currently on the market, many offering fantastic headline rates, it is vital that consumers feel confident they&#39re being given the right advice and buying the right mortgage product for them.&#34

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