Mortgage Collective
Mutual One can (and has) arranged pooled funding for products distributed via brokers. As an example, in late 2007 Societies funded a discount product mortgage offer distributed through London & Country Mortgages using a single set of lending criteria (rather than those from each participating Society). By acting together funding tranches of a product (including BTL), on either a packaged or unpackaged basis, distribution and cost benefits accrue.
Mutual One Ltd also acts as an intermediary in the sale of mortgage-related services, most notably survey panel management (through Connells), a comprehensive Automated Valuation Model (through Rightmove) and credit scoring/verification services (through Callcredit). Rates on all these services are significantly cheaper through Mutual One.
For further information on all mortgage related issues please contact Philip Dearing on philip.dearing@mutual-one.co.uk or 07793 699872