You are here: Home - News -

Halifax struck off by Connell

by:
  • 29/01/2002
  • 0
Connell, the second largest estate agency in the UK, has removed Halifax from its panel of lenders i...

Connell, the second largest estate agency in the UK, has removed Halifax from its panel of lenders in a move which, according to industry sources, was prompted by a dispute over commission levels.

It is understood that Halifax has been dropped because it would not meet the increased commission demands of Connell. But neither Connell or Halifax have commented on the matter. Three other lenders, which remain unamed, have also been dropped.

David Livesy, director of Connell, said: ‘At the start of the year, Connell carried out a wide-ranging review of its lender panel. This was a normal housekeeping operation to ensure we continue to meet the needs of our customers. The decision to remove Halifax was based purely on commercial terms.’

Commenting on the news, Mark Hemmingway, spokesperson for Halifax, said: ‘We understand that Connell has been reviewing its panel and we can confirm that we are no longer part of its panel, but we cannot disclose the reasoning for this decision.’


Tags

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
Survey shows South East house prices suffering

Volatile conditions in the South East were the focus of The Royal Institution of Chartered Surveyors...

Close