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Several lenders&#39 websites not operational says Chilton

Purely Mortgages chief executive Mark Chilton says the main issue on the first day of mortgage regulation has been several lender websites are unavailable.

This means KFIs cannot be accessed on-line and KFIs cannot be validated against the lenders&#39 by cross referencing.

Also, some lenders are taking longer than usual to answer the telephone and deal with enquiries.

Chilton says: “We are very calm. But it seems a lot of lenders are still not prepared.”


Mortgage Express unable to accept online business

Mortgage Express is unable to accept online applications for the next week or so. Mortgage Express warned brokers it may not be ready for M-Day due to the immensity of the task. Mortgage Express media relatins officer Daniela Conte says: “We have fully compliant KFIs ready but not our online service. We hope to have […]

Analysts&#39 fears over departures from Isis

Fund analysts are concer-ned that the departures of James Foster and Mike Felton could be symptomatic of internal strife in the newly merged F&C and Isis. Analysts from Rowan & Co Capital Management say that while the merger of the two firms has created a fund manager with an imp-ressive track record, sudden departures were […]

Platform launches online pre-sales KFI

Platform has launched its online pre-sales key facts illustration, accessible via the Platform website. Platform has pre-registered over 3000 users. Those who are notpre-registered can visit Platform&#39s website and follow a number of simple steps to register for the service. Platform says completion of the pre-sale KFI takes only five minutes, and is produced as […]

Hay aims for a simpler policy

James Hay has reintroduced its Select Sipp to the market with a new simplified application process. The Select Sipp has been off the market for seven months and is being sold as a low-cost alternative to the traditional Sipp charging structure. It has a 0.75 per cent annual charge that covers all the fees typically […]


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