View more on these topics

West Brom gears up for mortgage advice sector return

West Bromwich Building Society has registered the brand ‘The West Brom for Intermediaries’ as it gears up for a return to the intermediary market.

The lender withdrew from the intermediary sector in December 2008 due to adverse market conditions.

Last November, West Brom opened up lending to an intermediary panel comprising of four firms.

It has now registered The West Brom for Intermediaries brand in what a spokesman has confirmed signals the start of ‘phase two’ of its return to the intermediary market.

The West Brom will commence a review of the product range it will offer and the size of the intermediary panel, which it should complete by autumn.

A West Brom spokesman says: “This reflects the next positive step forward as the Society seeks to re-establish its position in the residential mortgage market.”

Alexander Hall chief operating officer Andy Pratt says: “West Brom’s return to the intermediary market is obviously welcome and will offer customers greater choice as well as promoting competition. Its range was relatively niche in the past so it will be interesting to see what products it decides to come back with.”

Recommended

Lords push Govt to change Care bill financial advice rules

A number of cross bench peers are pushing the Government to amend the care bill and create clearer referrals to financial advice for those needing long-term care. In the first House of Lords debate on the bill yesterday, peers criticised the proposal that people must only be referred to financial advice independent of the local […]

FCA fines JP Morgan International Bank £3.1m for wealth management failings

The Financial Conduct Authority has fined JP Morgan International Bank £3,076,200 for systems and controls failings relating to its retail investment advice and portfolio investment services. The fine follows the regulator’s thematic review into wealth management firms and the suitability of their advice. JP Morgan is now carrying out a past business review to assess […]

Celebrities and footballers ‘victims of £125m film investment tax fraud’

A number of celebrities, bankers and football stars have been caught up in an alleged £125m tax fraud that revolved around film investments. According to the Mail on Sunday, West Ham United manager Sam Allardyce, Princess Diana’s former butler Paul Burrell and pop singers Mike Skinner of The Streets and Damon Gough, also known as […]

Borrowers vow to keep fighting BoI after mortgage U-turn

Bank of Ireland borrowers pursuing a class action against the bank’s tracker mortgage rate hikes have vowed to “keep the pressure” on the firm after it reversed its decision for 1,200 of 13,500 affected customers. On 1 May, buy-to-let borrowers saw rates rise from Bank of England base rate plus 1.75 per cent, to base […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com