UK: ONLINE MORTGAGE TRADING HOTS UP
Article Abstract:
Mortgage Brain is one of a number of companies launching online business to business links, with the introduction of its Mortgage Trading Exchange on December 7 2000. E-Loan is working in collaboration with software company Network Data to develop a rival service; while the Halifax (UK) has teamed up with Legal & General (UK) to offer a similar service. The developments are expected to hit IFonline, although the addition of key players to the fray will boost the company's plans for a common trading platform.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2000
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UK: ONLINE SALES OF FINANCIAL SERVICES TO GROW
Article Abstract:
A survey commissioned by Corillian software consultancy has revealed that within ten years, 25% of UK consumers will buy financial products over the Internet. Some 24% of the under 25s buy online, with 23% of 25-34 year olds, 13% of 45-54s, and 3% of over-65s. Car insurance is the most frequently purchase online financial product with 39%, followed by travel insurance with 23%.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: EXCHANGE DROPS ITS MORTGAGE WEBSITE
Article Abstract:
The eXchange has shut down its mortgage website, emfinance.com, after just six months. The service had claimed to be the first to offer mortgages entirely over the web. Although it secured backing from six lenders the business failed to take off as quickly as expected. The service was incorporated into eXchange's Moneyextra site.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2000
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