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HML launching origination service for lenders

HML is looking to launch an origination service for lenders that want to outsource their mortgage advice.

The service will be mounted on the firm’s iConnect platform and is scheduled for launch towards the end of 2013.

Between 20 and 50 advisers will take clients through each step of a mortgage application, including product information, the agreement in principle, advice, servicing and credit management.

Under the mortgage market review, sales will have to be classed as advised if the lender has “steered” a customer towards a product from April 2014.

HML strategic sales director Richard Hennah says: “Being able to outsource gives lenders a lot of control and direct contact with their customers which they lose under the intermediary or web route.”


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Standard Life: Pre-RDR commission rush driven by consumers

Standard Life UK chief executive Paul Matthews says the provider’s UK fee-based operation was hit by customer demand for commission-based products during 2012. Last week, Standard Life reported a 65 per cent rise in group pre-tax profit from £544m in 2011 to £900m in 2012. This was driven by a 74 per cent increase in […]


Consumer Panel says DC pension schemes are being bought ‘blind’

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Coventry Building Society reviews BTL benefits stance

Coventry Building Society is reviewing its buy-to-let lending criteria after two of its rivals softened their stance on lending to landlords with tenants on housing benefits. The review comes after The Mortgage Works and BM Solutions, buy-to-let lending subsidiaries of Nationwide and Lloyds Banking Group, respectively, removed exclusions from their lending criteria which meant they […]

Retirement - thumbnail

A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.


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