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CHL launches into sub-prime with Mortgages plc

Capital Home Loans is launching into the sub-prime sector by launching a distribution agreement with Mortgages plc.

Under the terms of the deal CHL will market the entire Mortgages plc product range to intermediaries under th CHL Sub-Prime brand.

A specialist division has been set up at CHL’s head office in Fleet, Hampshire, and a team of full-time underwriters has been employed.

CHL Sub Prime will operate alongside CHL’s existing traditional core buy-to-let and self-certification business. The launch gives CHL a range of products that covers all areas of the market, from prime to heavy adverse.

CHL managing director Bob Young: “Our aim is to ensure brokers have access to excellent products and provide them with a fast and efficient service. We’re all excited about this new initiative.”

Mortgages plc sales and marketing director Peter Beaumont says: “We are delighted to be extending our lender relationship programme to include Capital Home Loans. Intermediaries using the products on offer from CHL Sub-Prime will be able to produce CHL branded KFIs via a facility on the CHL website.”


A body of work

How long have we been discussing a single body for advisers? Yet some people seem to be unaware of this and the fact that the Personal Finance Society is that body.

Reynolds to head up BM Solutions sales team

Martin Reynolds has taken the position of head of sales, with immediate effect replacing Alan Cleary who has received an internal promotion. Within his role Reynolds will lead the BM Solutions sales team and manage BM Solutions’ relationships with its key accounts. BM Solutions director Tim Hague says: “Combining sales with Martin’s key account responsibilities […]

Product Innovations boosts dollar returns

Structured product provider Product Innovations has teamed up with Abbey International to established the Opus Diversifier Dollar Capital Bond, a guaranteed equity bond aimed at high-net-worth investors.

Party, not property for new generation

A new breed of 18 to 34 year olds would rather safeguard their lifestyles than commit to to a mortgage according to research by GMAC-RFC. The “partying over property” generation may partly explain the drop in first-time buyers, with figures from the Office of National Statistics saying they now make up 28 per cent of […]

Don’t play chicken with the Bank of Japan

By Josh Ausden, Head of Client Investment Strategy, Neptune Short-term yen strength has hurt the Neptune Japan Opportunities Fund but recent events have only added weight to our conviction that the Bank of Japan will act to ease policy, boosting multinationals’ profits and weakening the yen. In recent weeks the performance of the Japanese stockmarket […]


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