July 2008: Astra goes from strength to strength
NEW REGISTRATIONS - WITH IMMEDIATE EFFECT:- PLEASE NOTE THAT THE SOCIETY IS NO LONGER OPEN TO NEW BROKER REGISTRATIONS. Mortgage applications will only be accepted from those intermediaries currently registered with Astra. (Those registered with N & P will also be Astra registered). This effects the online/PoS-D facility in addition to paper application submissions. Any applications received from new non registered intermediaries after the 22nd July will be returned. Stewart Hunter Head of Introduced Mortgages at Astra stated “We regret having to take this action, however, due to the impact of the credit crunch on the whole industry, we find that demand for our products and services has increased dramatically in recent weeks. In order to continue support for those where we enjoy an existing relationship we have been forced to take this action which I hope will be short lived”. Stewart Hunter |
Product Cascading
The Company is a cascade mortgage lender – this means that where a client does not qualify for a particular rate because of risk grade/score the Company may offer a differing rate to that which the client applied for. For PoS-D applications product cascading may go up or down.
A dedicated service for the intermediary market. With a specialist Broker Support team and Regional Business Managers, you can talk to people who understand your business face to face or over the phone.
An award-winning online application system. As well as saving you time, Astra’s online application service allows you to monitor the progress of all your applications. It’s quicker, easier, better. Apply now
Astra Mortgages is a subsidiary of Norwich and Peterborough Building Society who were one of the first financial services organisations in the world to have FSA approval to release capital through the Basel II directive. So now you can offer lower risk customers even lower rates.