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Exclusive: Beacon widens distribution net to CHASE UK - Source Mortgagestrategy magazine

Article as Written By Rebecca Atkinson

Chase UK has become the first non-Regulatory Alliance of Mortgage Packagers member to have access to products from Beacon Homeloans.

Beacon Homeloans was launched in 2005 as a standalone specialist lender, distributing sub-prime, buy-to-let and self-cert products exclusively through the Regulatory Alliance of Mortgage Packagers.

This is the first time that its products have been available through any packager other than RAMP members, and the lender plans to continue expanding its distribution in the future.

Clive Wilson, director of sales at Beacon Homeloans, says: “It was always our intention to start with RAMP, but as we discovered at Mortgage Strategy’s Mortgage Summit in Jerez, people are very interested in what we are doing but are unable to get access to it.

“This is controlled growth, and we will bring on other packagers that we know to open-up our products as time goes on.”

Posted by Mr Mortgage at 7/19/2006 1:33 PM | Add Comment

Speedy Success - Article taken from Mortgage Strategy.co.uk - June Issue


speedy success

Everyone knows that many stars of the kids' TV series Byker Grove went on to have illustrious careers.

Jill Halfpenny recently won Strictly Come Dancing and has also starred in Eastenders, Donna Air still acts, lives in London's Belsize Park and married a billionaire and, most famously, Ant and Dec mutated from a geeky pop duo into the hottest television presenters around.

But what many people don't know is that Steve Bradley, who played the dim Speedy in the Geordie drama, left the world of fame for mortgages and is currently employed by Terry Pritchard as IT director for Chase UK.

All Mole can says is: "Whey aye man."


Posted by Mr Mortgage at 7/15/2006 1:29 PM | Add Comment

Chase UK Launch New Insurance Division


Chase Uk have today announced the launch of their new insurance division in association with Intrinsic the multi tied insurance provider also recently launched, by ex head of Zurich Lord Sandy Leitch.

Terry Pritchard CEO of Chase said " It's another move forward for Chase, and a great way to increase our turnover and size. We are very pleased to be working with the likes of Lord Leitch and his management team".
 
The Insurance division runs alongside an already existing single tie direct sales force that works with AXA.
Posted by Mr Mortgage at 6/28/2006 8:30 AM | Add Comment

Beacon Products Via Chase UK

Beacon Homeloans has expanded its distribution to include Chase UK, with more packagers expected to be revealed over the next few months. Beacon launched in 2005 as a standalone specialist lender distributing sub-prime, buy-to-let and self-cert products exclusively through the Regulatory Alliance of Mortgage Packagers. Chase UK, a member of association Freehold, is the first non-RAMP member to have access to Beacon products. Beacon is expected to recruit another two or three packagers to its panel soon.
Posted by Mr Mortgage at 6/27/2006 12:41 PM | Add Comment

Chase Say Yes to JV with Car Credit Company

Chase UK today revealed that they have entered into a joint venture agreement to help distressed clients get their finances sorted out following the demise of Yes Car Credit.
 
Terry Pritchard CEO of Chase Group said " This is a win win situation for all concerned as we are helping people that have consumer debt arrears restucture  their finances to a more affordable level whilst helping the initial loan originator move away from a potentially damaging credit book"

Chase Uk Corp Ltd specialists in subprime products, bad credit remortgages and help for those that wish to avoid repossession can be found @ chaseukcorpltd.com
Posted by Mr Mortgage at 6/8/2006 2:59 PM | Add Comment

Alliance & Leicester fixes exit fees on redemption of existing mortgages.

Alliance & Leicester has fixed its redemption fees at £295 so that borrowers know in advance what it will cost to redeem their mortgages when they first apply for a loan.

Spokesperson for Alliance & Leicester Sally Lauders says " This move offers borrowers more transparency and and will be detailed on their Key Facts Illustrations. It allows people to weigh up all the options and make a choice based on rate and all fees."

Terry Pritchard CEO of the Chase Mortgage Group, winner of Mortgage SubPrime Packager of the Year 2005 says that "With luck other Lenders will follow suit, leading to a more regulated exit fee from lenders".
Posted by Mr Mortgage at 6/2/2006 5:39 PM | Add Comment

Paper-Based Applications - A thing of the past?

A recent survey by Mortgage Strategy (one of Uk's leading mortgage industry publications) claims that 67% of brokers prefer online application systems over traditional pen and paper approach.

This statistic backs up the new trend for brokers to move on to a virtual solution for tracking and managing mortgage cases.  With more and more clients completing applications over the internet, the broker is able to work towards the goal of completing quicker with basic functions in the application process being replaced by automated facilities or email.  The post has been blamed so often in the past for delays regarding individual cases and as such an applicant can download what is required to sign, whilst other relevant information is passed on via advanced intranets to the broker saving time that can be better used sourcing lenders.
Posted by Mr Mortgage at 6/1/2006 5:37 PM | Add Comment

Mortgage rates remain at 4.5%

The bank of England left interest rates unchanged for the ninth month in a row.
Could now be a good time to consider switching your mortgage?
Posted by Mr Mortgage at 5/16/2006 5:32 PM | Add Comment
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