Money Bulletin # 74

Important

Origin Mortgage Rate Increase

As a direct result of ongoing market volatility and a significant increase in the cost of funding, Money Partners is announcing an increase in rates across the entire Origin Mortgage range together with an increase in its Lender Completion fees. The new rates will become effective on Wednesday 24^th September 2008 and will be accessible via MoneyPort.

The changes include:

• All fixed, discount and reversionary rates are increased by 0.75%.
• Lender completion fees are increased by £750 to £2,500 & £2,745 (includes in-house legal service).

Product Availability

The existing Origin Mortgage rates will be removed from our website and MoneyPort from the close of business Tuesday 23^rd September 2008. Quotations,  KFI production and access to our new rates via eDecision will be available from Wednesday 24^th September 2008. Please ensure that all cases are assessed via eDecision to ensure that a credit score has been obtained prior to submission or referral.

Pipeline Deadlines

Please note we will be unable to produce a mortgage offer letter on the old rates after close of business on Tuesday 23^rd September 2008. Any applications submitted on the old rates that have not yet been offered will be subject to  the new increased rates from Wednesday 24^th September 2008. Offers already issued on the old rates will remain valid until the offer expiry date.

Documentation

Updated versions of the new Mortgage Matrix and Underwriting Guidelines will be available later today via MoneyPort.

Important

Generic Application Forms

Following a recent review by one of the leading Fraud Prevention Agencies it has become apparent that some of the approved generic application forms that Money Partners accepts are no longer fully compliant within their terms and conditions. This issue is not specific to Money Partners and we would encourage any brokers using a generic application form to make the necessary changes to ensure continuity of business with all lending sources.

To assist you in incorporating these changes, we have included our Terms & Conditions page within the Money Partners Supplemental Information Details form which you will already be familiar with if using your own generic application form. In the event you continue to use your own application form, please ensure we receive the enclosed supplemental form signed by all applicants. If you have any further questions regarding this matter please contact a member of the Compliance Team who will be happy to assist you.

If you have any questions regarding this bulletin please contact the sales hotline on 0870 6094800.

Adam Henry

Director of Marketing & Product Development