Archive: Oct 2014

Mortgage Intelligence Appoints CIExpert for Members

Mortgage Intelligence announces that all of its advisers will be encouraged to utilise CIExpert as part of an ongoing initiative to support protection business. CIExpert will make its online service available to Mortgage Intelligence network members and will automatically configure accounts to reflect the panel that the AR firms choose to use.

A number of AR firms within the group have successfully piloted the use of CIExpert and demonstrated significant benefits in both the efficiency and quality of advice that has in turn led to increased protection business.

Mortgage Intelligence will now be actively promoting the use of CIExpert to all of its advisers across its network, including both the Mortgage Next and FYB brands.
Commenting Alan Lakey, Director, CIExpert, said:

“Mortgage Intelligence has evaluated the business benefits generated for some of their leading AR firms. This has demonstrated how the effortless access to our extensive research helps advisers to convey with much greater clarity, the value of critical illness plans to their clients.”

Commenting Sally Laker, Managing Director, Mortgage Intelligence Holdings, said:

“As the economy continues to recover, our advisers are busier than ever. CIExpert enables advisers to carry out detailed research in a fraction of the time, therefore allowing them to focus on providing the best advice for their customers.

“CIExpert’s statistics based approach provides our advisers with the ability to cut through the complexity involved in comparing critical illness plans and provide their clients with a well informed choice.

“The service improves advisers’ knowledge and confidence in providing high quality advice with an automatically generated audit trail to support the compliance process. This is an opportunity for our members to increase protection income.”

Mortgage Intelligence Appoints Metro Bank to its Panel of Lenders

As part of the new partnership, Metro Bank will offer a competitive range of residential (up to 85% LTV) and buy-to-let and Let-to-Buy (up to 75% LTV) mortgage products to appointed representatives of Mortgage Intelligence, Mortgage Next and FYB.

Metro Bank is also a large loan specialist and currently lends to customers in London, the South East, Northern Home Counties and Berkshire areas. The lender recently lowered its rates on a number of fixed products, making them even more competitive in the marketplace.

Commenting on the partnership, Sally Laker, Managing Director of Mortgage Intelligence Holding, said:

“We are delighted to announce the appointment of Metro Bank to our lending panel as their innovative and adaptable approach makes them a fantastic new addition. We are confident that they will help our members to maximise business by having a wider variety of products to offer customers and also assist with placing incremental business.

We look forward to working closely with the team at Metro Bank and developing further opportunities for our members.”

Leeds Building Society Launch Competitive Exclusive

Mortgage Intelligence Holdings have launched a competitive exclusive 3.79% 5-year fixed mortgage product, available up to 85% LTV with Leeds Building Society.

The 85% LTV product fixed until 31 December 2019 is available for remortgages only, has a £599 arrangement fee, free valuation and fees assisted legal services. It is open to all AR’s of Mortgage Intelligence Holdings.

Commenting Sally Laker, Managing Director, Mortgage Intelligence Holdings, said:

“With the continual threat of a rate increase this is a great product at a time when rates are incredibly low with the added certainty of five years at 3.79%. Couple this competitive rate with a low booking fee and free remortgage fees it makes this product, in my opinion, one that cannot be ignored.”

Commenting Martin Richardson, General Manager – Business Development at Leeds Building Society, said:

“Borrowers seeking longer-term security of payment over the next five years have the opportunity to lock into a competitive deal while rates are low. “Autumn is traditionally a busy time for remortgaging and homeowners may want to review whether switching will bring down their monthly repayments or help to reduce their mortgage term.”