Just an update
Monday 24th July
This week's headlines:
Equity Release
We are delighted to confirm that our second podcast episode is now available!
In this episode we are joined by guests Iain McKechnie and Mike Stratton, two of our ER Advisors and concentrate on Mortgage Prisoners. We discuss what they are, how to spot them and how Equity Release can help.
You have two opportunities to listen, you can either watch a video or you can download the audio file and listen to it when you are out and about!
Visit HERE
In addition we have produced this 2 minute video sharing a number of handy facts about Equity Release that may help you with realising the opportunity HERE
Finally, to Refer an Equity Release enquiry, simply visit HERE, it will take you 2 minutes to complete.
We have just celebrated our 1st anniversary of partnering with eConveyancer and the proposition goes from strength to strength with record numbers now using the service.
If you are yet to try the service or have tried it and stopped why not instruct them on your next case?
Be it Remortgage or Purchase they can help!
Don't just take our word for it, here are some recent testimonials from brokers:
“ I have found eConveyancer to be an amazing addition to my sales process, it’s customer facing format allows me to give my clients an easy to understand approach to conveyancing, they can see tangible options based on locality, price and ease of completion that make what traditionally can be a stressful time that little bit easier and the process of purchasing or remortgaging a more enjoyable experience."
-Jeremy Blair“The portal is very easy to navigate, whether quoting, retrieving or instructing a case. The instruction process is very quick and if you should need to cancel then this is also carried out in a timely manner. The add a query section of the case works well, however, this normally needs a follow up email to the conveyancer themselves and a phone call to get an update. You can quite clearly see at what stage of the process you are at, as long as the conveyancer has ticked that a particular task has been completed. Email updates of milestones have been reached are also very helpful, again as long as the conveyancer has ticked that box! Adele Duffy is very hands on and if you need anything chased or actioned she replies very speedily. Confirmation of payment made when an instruction has been completed is also very quick and paid into the account normally only a few days after completion.”
-Becci Williams"I have had a lot of success using E-Conveyancer. The process is sharp and understandable. I have managed to get a re-mortgage done from start to finish in 3 weeks recently. They then pay sharply upon completion which is another motivator. For Re-Mortgages, I have complete faith they are 10x better than the free solicitors provided by banks. With rates increasing and people being particularly scared of dropping onto the variable, it’s really useful to have a solicitor you can use to ensure a smooth process, or one who is motivated to help when you contact them."
"As a mortgage broker, one of my guiding principles for legal services referral is that the firm is reliable, reputable, and dependable. It is a deal breaker for me if I am not kept up to date with the progress of my case and worse still not being able to get hold of the acting solicitor. For this reason, I have often shied away from making legal referrals, to avoid damaging the relationship with my clients from a negative referral experience. I am pleased to say that since signing up to the e-conveyancing platform a year ago, my experience is one of outstanding service and communication. Their online referral system is super easy to use and that is saying something as I am a real technophobe! I foresee a long relationship with e-conveyancing and look forward to placing more business in the future.”
-Valerie Anigbo
-Harry Hlavaty
Integra joins Paymentshield panel
With over 40 years in UK Home Insurance industry, Integra are an MGA based in the UK with a focus on homeowner insurance products. Their products are constantly reviewed and refined using the latest in-depth data enrichment technologies allowing them to provide competitive quotations based on granular data.
Delivering high-quality insurance and providing their customers is at the heart of what they do. They offer a first-class claims service managed by their UK based global claims partner who provide customer focussed end to end claims handling, utilising a range of market leading field and digital technology-based services.
Joe Bishop, Insurer Relations Director at Paymentshield, said: “At Paymentshield we work closely with insurers to deliver our advisers the best quality panel that offers a wide scope of coverage, competition on price and the peace of mind that, should their clients ever need to make a claim, they will receive an unrivalled experience.
“The addition of Integra to our Home Insurance panel, will support all of these things and provide advisers with a great opportunity to talk about general insurance with their general insurance clients.”
Integra’s Deputy Chief Underwriting Officer, Tony Dixon, said ‘We’re delighted to be forming a new partnership with Paymentshield. Their unique distribution channel through mortgage and financial advisers opens up a new segment of the home insurance market to Integra.
We’re now able to offer Paymentshield customers competitive household rates driven from our sophisticated pricing models and enhanced quotability derived from our IHP infrastructure. This is an exciting opportunity for both parties, and we look forward to building a successful relationship.’
The Insurance List has been updated to include Integra and distributed by Liz Yates. Please use the updated version for all Protection business.
TBMC closed to new applications
The closure of TBMC follows a comprehensive review by its parent company Paragon Banking Group PLC and is in line with Paragon’s strategy of prioritising investment in its core operations.
Paragon Bank Managing Director of Mortgages Richard Rowntree commented: “We appreciate this is difficult news for our colleagues at TBMC and I thank Jane Simpson and her team for the service they have given to the company over the years.” He added: “Paragon’s mortgage distribution model has evolved and broadened significantly since TBMC was acquired in 2007 and, as such, TBMC is today considered a non-core operation.
As one of the leading Buy to Let lenders in the UK, our strategy remains focussed on growing lending in specialist segments of the market, particularly in areas where larger banks fail to adequately serve customers.”
TBMC is now closed for new applications. Please be assured that any applications currently in the pipeline will be managed through the usual process, and TBMC will ensure a smooth transition during this period.
If you need to contact TBMC regarding existing applications, please phone 029 2069 5400 or email enquiries@tbmc.co.uk
