View more on these topics

BM removes signed declaration requirement

BM Solutions will be removing its signed standard declaration, claiming to be the first lender to do so.

Brokers will need to confirm within the One Minute Mortgage that their customer has read and understood the new important customer information document.

BM says this means that from January 15 intermediaries no longer have to print the old standard declaration, obtain a written signature from the applicant and then post, fax or scan the form to BM.

Head of sales and marketing Chris Pearson says: “We’re constantly looking for ways to respond to the feedback we get from brokers and always want to implement improvements that make a difference to brokers on a day to day basis.

“Yet again we have slashed a minimum of a day off completion times, we would encourage other lenders to move quickly to offer brokers the same benefit.”

Recommended

Reality will bite

December’s stockmarket performance was pretty much to be expected but I confess the rush with which the New Year was ushered in caught me a little by surprise.

FSA says two thirds of mortgage advisers failing customers

The Financial Services Authority will punish several mortgage firms after research showed that only one third of the firms it sampled had robust processes in place to provide customers with suitable advice.The FSA reviewed 252 firms of differing sizes through mystery shopping, visits and questionnaires between June and October last year to establish a baseline […]

Advisers hail the third coming of Mott

Bill Motts’ dramatic decision to come out of retirement and return to day-to-day fund management is like the third coming according to Hargreaves Lansdown head of research Mark Dampier.Dampier says that Mott, who is joining forces with former managing director at Credit Suisse Ian Chimes, has almost legendary status among intermediaries and his return is […]

Harman says Government was wrong to reject pension verdict

Potential future deputy prime minister Harriet Harman has distanced herself from the Government’s handling of the occupational pension crisis and admitted it was wrong to reject the Parliamentary Ombudsman’s report.Harman, who is minister for constitutional affairs, is the first member of the Government to question the Department for Work and Pensions’ handling of the debacle.Harman […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment