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Convex targets brokers with online conveyancing service

Online conveyancing system Convex is introducing a white-labelling service for IFAs that aims to make the homebuying process more transparent.

The Convex service sits between the client and the solicitor. Once a milestone in the buying process is passed, for example, exchange of contracts, it contacts the client by email or text message to let them know.

Up-to-date information on the deal, including correspondence, is stored on a website and is accessible at all times.

Convex is now launching a new service for IFAs, which can be white-labelled for volume mortgage brokers. It is paying for referrals and will also guarantee the service standards for brokers who use its white-labelled service.

Convex guarantees service standards including cost, the time it takes to reply to correspondence and that a qualified person will deal with the client&#39s case. Financial penalties apply if it fails to meet its standards.

Managing director Tomas Carruthers says: “Convex does not make the buying process easier but it does make it a lot less stressful for the buyer, the estate agent and the broker as it becomes more transparent.”


GMAC-RFC set to design sub-prime loans for Chelsea

Chelsea Building Society has chosen GMAC-RFC to help it extend its range of sub-prime mortgages.Chelsea was the first high-street lender to launch a range of non-conforming products under its own name in 1998.The society says it chose GMAC-RFC as its partner after considerable research of the sub-prime market, following a number of approaches from different […]

Five firms accredited for long-term quality

Raising Standards has reaccredited five brands under its quality mark scheme for the long-term savings industry.CIS, Eagle Star, Police Mutual, Scottish Widows and Zurich have completed a “rigorous” examination and re-approval process by the scheme&#39s independent assessment body, the Pensions Protection Investments Accreditation Board.Raising Standards says it has been rewarded for its efforts with tangible, […]

Chelsea Building Society – Five-Year Buy-to-Let Fixed Rate

Type:Fixed-rate buy-to-let mortgage Fixed term: Until May 1, 2009 Fixed rate: 5.79% Minimum loan: £35,000 Maximum loan: Up to 80% of valuation subject to a maximum loan of £500,000 Income multiples: Rental income must be at least 130% of monthly mortgage repayments Arrangement fee:£295 Redemption fee: 5% of amount repaid until May 1, 2009 Introducer&#39s […]

Independent view

A study by Peninsula, the UK&#39s biggest employment law firm, shows that businesses spent £20.73bn wading through paperwork between 1997-2002.Companies spent an average of £26,762 complying with legislation in 2002, up from £18,242 five years before.Bosses also admitted spending an average of nine hours a week filling in forms – six hours more than in […]


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