View more on these topics

Workload signs lenders for broker revenue database

Workload Financial Business Consultants – the firm which produces Touchstone databases – has signed up four mainstream mortgage lenders to share information on brokers&#39 revenue streams and client profiles.

Workload says it has signed up Halifax, Woolwich, Standard Life and Abbey to its service, with letters of accord signed with Northern Rock, Alliance & Leicester and Royal Bank of Scotland. About 12 other firms are interested in the proposition.

Touchstone databases are used by a big number of life and pension providers and, as reported in Money Marketing last week, the company is about to launch a proposition for the mort-gage market.

The new database will enable lenders and brokers to evaluate their own market share and see which inter-mediaries are doing the most business.

Abbey media relations executive Helen Tochel says: “Abbey for Intermediaries currently uses the existing Touchstone database to gain valuable analysis on the life, pension and investment markets.

“We are assisting Work-load with the development of the new Touchstone system for the mortgage market and we will continue to work closely with them as the system develops.”

Standard Life Bank cor-porate affairs manager Angus MacLeod says: “We have joined Touchstone and we think it will be a very useful tool for improving our offering to introducers.”

Workload managing director Mark Hamill says: “Prime, sub-prime and self-cert prov-iders have expressed support for any initiative which will help them to better service mortgage brokers in the pre and post-regulation market.

“Industry commentators suggest that the industry is having substantial difficulty in predicting the effects that mortgage regulation will have on distribution. Touchstone Mortgage will remove much of this unknown.”

Recommended

Global economy slowdown beckons, says ABN AMRO

The world economy is set to slowdown in the wake of future US rate rises, predicts ABN AMRO.Analysts at the international bank say that bond yields have peaked and that there would be a further tightening of US monetary policy.The report, called Bond Yields Have Peaked, predicts that a gloabl economic slowdown would not be […]

Abacus urges brokers to act now on M-Day

Specialist branded lender Abacus Permanent is contacting around 10,000 brokers to urge them to start compliant processing now to reduce delays after M-Day. Abacus, formed in 2002 by Mortgage 2000 directors, says brokers should start entering all additional compliance information wherever possible. Head of sales Marc Tur-ner Turner says: “It is imp-ortant that brokers are […]

Pinnacle peaks with monthly option

PINNACLE INVESTMENTS Pinnacle Guaranteed Monthly Income Bond Type: Guaranteed income bond Minimum-maximum investment: £25,000-£250,000 Term: Choice of one, two, three, four and five years Interest rates: One year term &#45 3.92%-4.21%, two-year term &#45 4.2%-4.3%, three and four year terms &#45 4.3%-4.35%, five-year term &#45 4.5%-4.64% Guarantee: Capital returned in full regardless of performance of […]

Woolwich races against FTSE

Woolwich Plan Managers has established another issue of the accelerated growth plan, a capital protected bond that provides geared returns linked to the FTSE 100 index over a six-year term. The plan will provide 700 per cent growth in the index, capped at 70 per cent. This means investors will benefit fully from the geared […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment