You are here: Home - News -

SLM offers technical solutions for broker firms

  • 05/06/2003
  • 0
Mortgage club Scottish Life Mortgages (SLM) has launched a technological solution designed to provid...

Mortgage club Scottish Life Mortgages (SLM) has launched a technological solution designed to provide a one stop shop for broker firms and networks.

Triangle Solution is a three level service for mortgage intermediaries and networks which allows them branded access to the facilities offered by the club, including e-trading, packaging and general insurance.

Network + is designed for networks. It allows them to access SLM’s technology and products, including Personal Touch Insurance products. It can be jointly branded and allows networks to tailor a solution that meets their needs. At the time of going to press, one network had signed up and talks were ongoing with a further two.

Steve Scholes, director at SLM, said: ‘Regulation will bring challenges for networks. Some are having bad press at the moment, and if they are creaking now then what will happen in the future? There is the potential for even large companies not to be able to deliver what they are promising in terms of compliance. The FSA will need to look into it and some networks will get pulled up, unless they can ease the pressure.’

The second tier is Sub Net, which is targeted at brokers who have a turnover of less than £1m, and is aimed at brokers who want direct authorisation but may not have the funds to pay for this and all the extra areas they need to service too. The final tier is Challenger which is aimed at smaller firms and individuals. They will be able to use SLM’s operational platforms, but they will not be branded.

Commenting, Andy Frankish, new build manager at franchise network Mortgage Talk, said: ‘I can certainly see the benefits of the final two tiers, because of the much publicised concerns over how smaller firms will cope post-2004. The network option may be good for those who want to carry on as they have been. However, our size means that we have taken the decision to do our own compliance, and it is the largest growth area of the company. There is a threshold and over which you have got to get your own house in order and run things yourself.’


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.


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.


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.


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.
  • RT @thewritertype: Thoughts and prayers with Americans heading to their new partner’s family home for Thanksgiving.
  • RT @VickyHartleyMS: The Budget 2017 roundup - all the top mortgage and housing headlines - Mortgage Solutions via @…
  • RT @VickyHartleyMS: Budget 2017: Fintech competition launched to develop FTB rent history-mortgage affordability tool - Mortgage Solutions…
Read previous post:
FSA proposes application fees

The Financial Services Authority (FSA) has published CP180, its proposed approach to application fee...