View more on these topics

UBS plans move into mortgages

UBS is looking to launch into mortgage broking with former Chelsea Mortgage Management consultant Jay Williams leading the proposed arm.

The firm is understood to be focusing on lucrative high-net worth clients, particularly existing clients who use UBS for its wealth and asset management capabilities.

Jay Williams left Chelsea Mortgage Management shor- tly before its merger with Cobalt Capital in July and also worked briefly for Savills Private Finance. He is listed in UBS’s directory as a member of the wealth management business.

UBS’s experience in the mortgage market goes as far as lending and retail mortgages in Switzerland only. In the UK, it offers advice on estate planning, asset management and corporate finance.

UBS declines to comment on whether it is entering into mortgage advice. Spokesman Charles Gorman says: “I can confirm that Jay has joined UBS but I can give you no further details on his role.” Williams was unavailable for comment.

Savills Private Finance head of international division Mike Boles says: “I fail to see what the financial logic is for them to enter mortgage advice.”


‘Sourcers should carry KFI onus’

The Association of Mortgage Intermediaries’ July census shows that 57 per cent of 252 inter-mediaries polled believe sourcing systems should be responsible for information provided in KFIs. Fifty-two per cent say sourcing systems are still their preferred method of obtaining KFIs.


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