ULS Technology pens deal with challenger lender Belmont Green

Provider of online platforms to the UK conveyancing and financial intermediary market, ULS Technology, announced on Thursday that it has signed a five-year agreement with challenger mortgage lender Belmont Green Finance, to provide its proprietary conveyancing comparison technology platform eConveyancer.

The AIM-traded firm said the agreement, whereby ULS receives a fee per completed transaction, is for a new deployment and is expected to launch with a number of intermediaries later in the year.

It said Belmont Green is a team of “experienced mortgage professionals” who have formed a new challenger brand mortgage lender, which will distribute its products exclusively via intermediaries.

The company formed last October, and was looking for a robust and scalable service that could support its growth over the long-term, the ULS board said in its statement.

“This new relationship will add to our already strong and loyal distribution for conveyancing and will assist our plans to increase our market share,” said ULS Technology chief executive Ben Thompson.

“We have spent much of the last year completing our suite of conveyancing services for mortgage lenders, specifically so we can more actively target this sector.”

Thompson said that as a result, ULS is now able to offer lenders a full package with regard to conveyancing services, and plans to make further inroads into the market in the future.

“We very much look forward to helping Belmont Green to launch into the UK intermediary mortgage market.”