TITLE

AToM makes 48-hour fees pledge

AUTHOR(S)
Stavro-Beauchamp, Laura
PUB. DATE
March 2008
SOURCE
Mortgage Strategy;3/10/2008, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Great Britain-based All Types of Mortgages Ltd. (AToM) pledges to pay procedure fees to brokers within 48-hours of confirming mortgage completions. AToM managing director Richard Hern implies that promptly paying brokers is part of its commitment to give brokers the certainty that they are going to get paid. Meanwhile, Ark Financial Planning director Philip Stevenson believes AToM's move is a great development for brokers, who sometimes have to wait longer for payment.
ACCESSION #
31401711

 

Related Articles

  • AToM system could slash search times by 75%. le Gouais, Marcel // Mortgage Strategy;2/18/2008, p16 

    The article reports that Gravity, All Types of Mortgages Ltd.'s (AToM) sourcing system, could slash the time brokers spend searching for products by up to 75% in Great Britain. It states that the system allows brokers to source products instantly rather than having to wait as long as four hours...

  • AToM slashes lender panel. Atkinson, Rebecca // Mortgage Strategy;7/3/2006, p10 

    The article reports that All Types of Mortgages (AToM) is cutting its lender panel to include only lenders that provide onsite underwriting as part of its strategy to retain control over the service it offers to introducers. Its lenders that do not offer onsite underwriting include Amber Home...

  • FSA has to target rogue brokers.  // Mortgage Strategy;5/1/2006, p3 

    The article discusses an investigation that reveals brokers taking advantage of clients in financial difficulties and charging them higher fees in Great Britain. Some brokers are charging fees of up to £5,000. These findings will raise questions about whether this is in line with the...

  • Brokers are overcharging vulnerable customers. Martin, Natalie // Mortgage Strategy;5/1/2006, p5 

    The article discusses a mystery shopping exercise that has divulged bad practice among mortgage brokers who are overcharging vulnerable customers in financial woes in Great Britain. Conducted by The Wriglesworth Consultancy, the study reveals that some brokers are charging fees as high as £....

  • BBC presenter attacks lenders at CML dinner. Anker, Guy // Money Marketing;4/6/2006, p8 

    The article reports on the claim of Paul Lewis, BBC Money Box presenter, that lenders are hiding fees from their offered products. During the Council of Mortgage Lenders' annual dinner, Lewis stated in his speech that poor commissions received by mortgage brokers fuels the wrong selling of their...

  • Mortgage brokers focus on proc fees by waiving admin charges. Dale, Samuel // Money Marketing;2/21/2014, p6 

    The article reports that processing fees are being waived by mortgage brokers in a bid to attract clients and compete with fee-free companies in 2014. Particular focus is given to the processing or broker fee range. Remarks from Simon Cox, financial services director of financial consultant Your...

  • Commission pledge for packager failure. Powley, Tanya // Money Marketing;3/27/2008, p27 

    The article reports on the establishment of a new packager panel by Sesame Ltd. which will guarantee the commission of advisers in the event of a packager failure in Great Britain. The packager panel will be composed of mortgage firms including All Types of Mortgages Ltd., Opus Mortgages, and...

  • Package comeback. Thomas, Paul // Money Marketing;8/12/2010, p24 

    The article analyzes the opportunity for packagers to make a comeback in Great Britain. All Types of Mortgage Ltd. (AToM) sales and marketing director Dale Jannels believes that the return of packagers would bring benefits for borrowers, lenders, and brokers. Mortgage Brain chief executive Mark...

  • AToM to launch IVA proposition. Jones, Lee // Mortgage Strategy;6/18/2007, p21 

    The article reports on the launching of the individual voluntary arrangements (IVAs) by All Types of Mortgages (AToM) in Great Britain. ATom caters clients who owe creditors more than £15,000. ATom stressed that the only way to clean up the industry and make it an option for brokers' client...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

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

Try another library?
Sign out of this library

Other Topics