PMS reveals trading figures

Amanda Jarvis

February 1, 2006

Premier Mortgage Service are delighted with their first year of trading following the successful integration of the former Norwich Union Mortgage Club achieving £38.5bn applications and £30.5bn completions in 2005, in a reported lending market of £287.5bn completions (source Council of Mortgage Lenders 20/01/06).

In 2004 Premier Mortgage Service achieved £29.5bn applications and £26.8bn completions in a similar market size of £292bn completions

John Malone commented “when you bear in mind the regulatory changes in the industry, coupled to the closure of Stirling and integration into the Birmingham site, we have been extremely busy, and still managed to out perform our expectations which we set and reviewed for 2005. The challenge continues into 2006 with a £43bn application and £34bn completion target”.

During the 1st Quarter of 2006 Premier Mortgage Service anticipate a continuation of robust trading, launching a redesigned website with improved navigation and intermediary sales support.

In addition, our presence in the intermediary market will be high profile, working with lenders on our panel providing intermediary and regulatory roadshows covering:
ß The power of offset products
ß Equity Release market
ß Specialist Lending – in association with 10 lending partners

Premier Mortgage Service also provides a dedicated sales force targeting key players in the mortgage market.

We are looking forward to 2006 trading, and will continue to support our loyal intermediaries with new business developments.

With the support of our parent company Bankhall (Professional Adviser Award winner 2006 for best IFA support services) who offer compliance services and attractive commission terms, coupled to relationships with service providers in the conveyancing, valuation and other specialist lending sectors, we now are extremely well positioned to support our intermediaries, lenders on our panel and regulatory & trade bodies.

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