View more on these topics

Spring is packing in details to speed sales

An online service offered through estate agents is being set up to speed up the mortgage advice process and end post-sale delays.

Spring, created by Shropshire solicitor Stephen Foden is seen as an extension of the home information pack, providing information on a property in advance of sale, using just one solicitor for each transaction.

The Spring pack aims to speed up the advisory service through validating a buyer’s financial details, cutting out the need for a survey by the the buyer and satisfying money laundering requirements.

It includes an independent surveyor’s report, independent legal title report, fixtures and fittings list, title indemnity insurance policy and a Hometrack report. It also contains a contract of sale to guarantee price and confirm sale.

The move has been welcomed by the Council of Mortgage Lenders, the National Association of Estate Agents, Which? and the Office of the Deputy Prime Minister.

Spring chairman Stephen Foden says: “When a buyer comes along to the adviser, the Spring document can hold information required by the mortgage intermediary so the mortgage application and advice process can proceed.”


Sub-prime suspect

The grey area between sub-prime and prime lending candidates could result in advisers giving inappropriate advice, say a panel of mortgage industry experts.

SPML enhances its whole product range

Southern Pacific Mortgage Limited announces product enhancements across its entire product range. These include enhanced income multiples and higher lending values. Income multiples up to 75 per cent LTV on SPMLs Prime Product Range (Prime, Prime+, and Prime Buy to Let) and its Light Adverse schemes have been increased to 4 x +1 or 3.5 […]


Simplifying the anti-money laundering process could deliver major benefits to advisers, providers and consumers.

Friends makes two new senior level appointments

Friends Provident has appointed Jim Halliday as head of group accounting, and Mike Collins as head of with-profits actuarial services, both with immediate effect.The appointments reflect the growing importance of commercial and technical accounting advice to the provider, and its focus on growing with-profits business. Halliday will provide financial advice on appraising corporate transactions, and […]

Derek Stuart: where to find value in the UK?

Derek discusses a number of Œself-help stories as examples of where he is finding good opportunities in the UK With the FTSE trading at historically high levels, many investors have questioned whether UK equities continue to offer value. But, as Derek points out, the headline figures mask many opportunities at a sector level. He has […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm