View more on these topics

TMP mortgage advisers receive Beacon packaging service

Specialist provider Beacon Group has announced a deal with The Money Portal that sees it introducing a bespoke packaging service exclusively for TMP mortgage advisers.

The packaging service operates under the name TMP Packaging Services and will enable TMP to add value to its intermediary members.

Intermediaries will be able to access a wide variety of non-conforming lenders’ products and benefit from on-site underwriting at the point of administration.

TMP PS will provide a dedicated web-site where intermediaries will be able to submit mortgage enquiries, use the mortgage calculator to determine monthly payments, track cases and access information on products, criteria and proc fees.

TMP head of business development Jason Chapman says: “We believe there are many instances when using a packager, particularly one with on-site underwriting and extensive lender backing, can get an even better result for a client and can save our advisers valuable time which could otherwise be devoted to securing additional revenue.

“In order to provide this service to our members as quickly as possible, we identified a need to team up with an established packager. The provision of speed, service, and technical know-how are pre-requisites for any packaging business and Beacon’s ability to deliver over and above on all of these requirements made them the ideal choice.”


BoS revamps BTL range

Bank of Scotland Mortgages is boosting its buy-to-let offering with two new fixed rate products.The products are a three-year fix 6.29 per cent with an early repayment charge of 5 per cent until May 2010. There is also a five-year fix at 6.29 per cent until May 2012, with an early repayment charge of 5 […]

Multi-managers could use put options to shield funds

Several leading multi-managers are looking at using put options to protect their funds against a possible market downturn.Schroders, New Star, Gartmore and HSBC are all cons-idering using the instruments, which is permissible under Ucits III.A number of long-only managers, including Fidelity special situations manager Anthony Bolton, have already successfully made use of put options as […]

FSA appoints new mortgages chief

The FSA has appointed Mandy Spink as head of mortgages and credit unions in the regulator’s small firms division. Spink, who begins her new role on February 26, replaces Michael Lord who has been appointed head of the retail management support unit. She has 15 years experience of financial services regulation and currently leads the […]

Brokers advised not to take on employed self-cert clients

Brokers have been advised against taking on self-cert cases where the client is employed.The Mortgage Broker managing director Darren Pescod says these clients should be able to prove their income so any intermediary or lender is taking an unnecessary risk.The call came in a discussion on responsible lending, where it was claimed that increasing rates […]


School fees planning

Jeremy Pearson is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. Many parents value the standard of education offered by […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment