View more on these topics

Sesame launches online Woolwich tranche tie-up

Mortgage advisers can now reserve funds online from Woolwich using Sesame’s mortgage tranche management system.

Sesame’s network members can now reserve funds from Woolwich without having to call the lender direct. In turn, the lender will now offer two tranches to Sesame network members; one for new customers and another for existing Woolwich mortgage customers who wish to book further advances.

Sesame managing director for mortgages and general insurance John Cupis says: “This innovation from Sesame delivers value for both advisers and lenders. By using Sesame’s online system, advisers will have alternative access to funds.

“This is the shape of things to come in mortgage distribution and we look forward to working with Woolwich and other lenders to take advantage of this valuable service.”

Woolwich intermediary business director David Finlay says: “It is good to see leading distributors such as Sesame developing new solutions that support mortgage advisers and their clients.

“We have been impressed by the new online system, which enables us to access real-time reservations from Sesame’s adviser base.”

Woolwich was criticised by advisers earlier this year after many were unable to secure funds through the telephone desk.

Recommended

Cooperative doesn’t live up to its name

As an adviser in this age of great enlightenment of the RDR, transparency, CAR , TCF, it is a shock to be swiftly transported back to the 1970s when asking for an open market option from the Cooperative Insurance Company which just seems to want to hang on to the money to the bitter end.

World trade to fall sharply

World trade volumes are expected to shrink by as much as 13% this year, the Organisation for Economic Co-Operation and Development (OECD) says. Government actions discriminating against foreign goods, services, firms or workers could have devastating effects as they could prolong and deepen the recession, adds the OECD.Governments should therefore avoid protectionist measures and keep […]

FTSE slumps

The FTSE 100 fell by more than 2 per cent this morning on the back of negative data from the likes of the IMF and Standard and Poor’s.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment