Chase de Vere Mortgage Management owner and managing director Simon Tyler has announced plans to launch a new mass market mortgage intermediary business.
He believes there is a significant new customer base emerging of mid-market borrowers across the UK who value the service of an intermediary but want a simpler service with rapid execution.
The new business will operate on a national basis and will offer customers a fee free service with rapid decision making based on a simpler product proposition. It will be run by Mark Chilton who established Savills Private Finance, along with a team of industry experts, and will operate a telephone based advisory service from a new call centre on the south coast.
Tyler says: “For some time, the mortgage broking market has been polarising between fee charging and non-fee charging business models. I feel that this trend will be accelerated by the FSA's regulation of mortgage distribution and the desire of lenders to see the market consolidate. As a result, and in common with other industries, it is desirable for business owners to diversify their distribution strategy across more than one section of the market.
“We are excited about this new proposition and more details of the new business will be released soon by the management team.”