Customers taking an Alliance and Leicester mortgage through a broker are going to find the process is much faster than it used to be thanks to the introduction of ifax.
This new system transforms faxes sent by brokers into emails that are therefore much easier to read and go straight to the relevant persons inbox rather than hanging around the office. An Alliance and Leicester spokeswoman supported the move and confirmed that the new ifax system would greatly increase processing speed and reduce errors.
The system can work for pretty much all the relevant documents so at each step of the way Alliance and Leicester mortgage customers will see a speedy turnround on their paperwork. The system will also be of great benefit to the intermediaries too of course.
According to the Abbey National falling house prices may be an interesting opportunity for some homeowners who can see the chance to get a bigger property at a smaller price.
The figures held by Abbey National indicate somewhere in the region of 2 million homeowners are considering a move as house prices drop. Around 1.2 million of these people are hoping to trade up to a larger house, feeling they will get a relative bargain.
As a spokesman for Abbey National Mortgages reaffirmed, a market where house prices are falling is not always bad news. It creates opportunities and bargains that some people can make the most of.
The Halifax is to close over 50 of its estate agent branches across the country with the loss of around a hundred jobs.
The move by the Halifax comes on the back of what they have described as a significant decline in house sale numbers over the last 12 months. The heart of the Halifax estate agency business is in the North and Midlands, and it is here that they will focus most of their efforts moving forwards.
Around 550 people will find their estate agency branches closing but the Halifax will be able to relocate most of these people, with a hundred that will hopefully be taken up primarily through voluntary redundancies and natural staff turnover.
