Be on your guard when trading online

Kirwan, Nick
July 2006
Mortgage Strategy;7/3/2006, p39
Trade Publication
The article discusses how insurers and brokers can avoid problems related to online sales transactions. The British Financial Ombudsman Service suggests keeping a record of the sale and the application form as an important part of the sales process and sending the completed application form to the client to check and sign. When signed by the client, it will provide insurers and brokers evidence that clients have provided them with the information they have given online.


Related Articles

  • Summit themes point to partnership. Hollingworth, David // Mortgage Strategy;7/3/2006, p29 

    The author discusses the issues discussed during the second Mortgage Summit that was held in Jerez, Spain. Retention remains a key area for lenders to address with some lenders starting to reward brokers for their role in retaining borrowers through the payment of processing fees. Another issue...

  • 'Computer says no' stance slammed. Martin, Natalie // Mortgage Strategy;7/3/2006, p10 

    The article reports that mortgage brokers have criticized Halifax for changing a client's credit score after the agreement in principle (AIP), which resulted in the customer losing out. According to Bates Financial Services principal Steve Bates, he completed an online AIP, which was accepted at...

  • Fast is not always best for clients. Laker, Sally // Mortgage Strategy;11/5/2007, p57 

    The author reflects on the ease that automation brings to the mortgage industry in Great Britain. She also contemplates on the tendency of mortgage brokers to deviate from observing quality service and customer protection. She asserts that quality service should not be sacrificed over the...

  • Six Things to Consider. Smith, Greg // Broker Magazine;Jun2006, Vol. 8 Issue 5, p74 

    The article offers pointers to technologically progressive lenders wanting to improve the loan process for their mortgage brokers. Submission of loans should be made simple. Immediate online access of mortgage brokers to all mortgage documents anytime and anywhere is also important. Moreover,...

  • FORM: Mortgage Broker Interview Questionnaire.  // Nolo's Essential Guide to Buying Your First Home;12/1/2012, p6a 

    A form displaying questionnaire regarding mortgage brokers for condo, co-op, or newly built house purchases is presented, which appears in the book "Nolo's Essential Guide to Buying Your First Home." The required information includes the name of the mortgage broker, contact information including...

  • THIS WEEK.  // Mortgage Strategy;8/22/2005, p48 

    Presents charts and graphs depicting the newly advanced equity release mortgage loans in Great Britain.

  • Residential.  // Broker Magazine;Sep2005, Vol. 7 Issue 6, p80 

    Presents a list of residential loan guide for mortgage brokers in the U.S.

  • Remortgage year. Gregory, Stuart // Money Marketing;10/31/2013, p32 

    The author discusses the Help to Buy lending scheme, noting brokers' complaints about the difficulty of getting 95 percent of housing loans approved on the scheme.

  • Firm aims to put Spring in step of loan applications. Shaw, Sam // Money Marketing;8/10/2006, p2 

    The article reports on the online suite of products for mortgage brokers made by Spring Technologies, which aims to speed up the loan application process by at least two hours. In November 2006, Spring plans to roll out a range of online products designed to reduce the administrative burden at...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics