View more on these topics

GE Money seeks clutch of new lending partnerships

GE Money Home Lending is to sign up a dozen new partnerships in the direct-tobroker channel in the first quarter of this year.

Mortgage sales director Duncan Berry says the lender typically deals with around 20,000 to 25,000 mortgage brokers and small IFAs as well as working closely with clubs, networks and estate agents.

Berry says: “We have got a very strong pipeline of new partnerships and there will be some big names. That has been a focus for us last year and we are looking to accelerate that this year.”

He says GE Money Home Lending sees opportunities in the second-charge market, semi-commercial lending and debt consolidation.

Berry says: “Ultimately, we think that if customers have long-term borrowing needs, then some kind of secure borrowing is the most cost-effective way to do that.

“We are very keen to look at our current suite of products and figure out whether we can make them more attractive to people who want to consolidate debt to reduce the burden of interest they are paying.”

Recommended

Virtual Net expands GI panel

IFA network Virtual Net has added Berkeley Alexander to its general insurance panel taking the number of providers it has links to up to six.

Boom at the top as the Sipp sector hits £50bn

Suffolk Life estimates the Sipp market now tops £50bn after 25 per cent growth in 2007.Director of sales and marketing John Moret says new Sipp business for the firm in the first few weeks of January is up by 30 per cent compared with the same period last year and predicts it will continue to […]

Advisers’ regulatory fees soar by 15% to pay £18m cost of TCF

FSA fees for advisers are to rise by 10 to 15 per cent to cover the estimated £18m cost of its treating customers fairly initiative.The increase comes on top of the 10 per cent hike advisers had to pay last year.The new rise will be spread over three years and will pay for a 25 […]

Gilmour moves from Clerical to PosSol

Keith Gilmour has been appointed marketing director at Positive Solutions. He joins from Clerical Medical where he was head of distribution.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment