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Openwork chief executive joins Pimfa board

Openwork chief executive Mark Duckworth (pictured) has been appointed to the board of The Personal Investment Management and Financial Advice Association. Pimfa is the trade association for investment managers and financial advisers. Duckworth has held the position of chief executive at Openwork since 2015, having spent eight and a half years at the company thus […]

UTB appoints new BDM

United Trust Bank has appointed Owen Bentley (pictured) as its new business development manager for its mortgage and bridging team. Bentley has over 12 years’ experience in the mortgage industry, having previously worked at SPF Private Clients, Christie Finance, BNP Paribas Leasing Solutions and most recently Precise Mortgages, where he held the position of national […]

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AMI calls on FCA to explain “disproportionate” rise in broker levy

The Association of Mortgage Intermediaries has called on the FCA to explain why its levy on mortgage brokers and lenders is set to increase by 4 per cent, while the industry-wide increase is just 2.7 per cent per cent. The FCA says that its budget for ongoing regulatory activity this year is £537.7m, up by […]

Comment: Are we heading towards our own ‘commisery’ moment?

Direct product transfers demonstrate how easy it can be to cut the broker out of the picture. This cannot be ignored Estate agents should have seen it coming: charging their customers thousands of pounds for one transaction, even when a buyer was found immediately, and then either proving to be hard to contact during the […]

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ASA rules on estate agent website claims

The Advertising Standards Authority has told estate agency Leftmove to remove one claim on its website and one on a Facebook post, ruling that they are misleading. The estate agent wrote on its website that in 2017 it sold more in the postcode PH4 than any of its competitors and, on the social media platform, […]

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Paradigm adds Principality to its lender panel

Principality Building Society has been added to Paradigm Mortgage Services’ lender panel. Paradigm member firms will now be able to access Principality’s range of mortgage products, including residential, buy-to-let, and holiday let. Intermediaries will also be able to use a dedicated intermediary support desk, access underwriters, and product coverage across both England and Wales. Paradigm […]

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Saffron launches new RIO through L&G

Saffron Building Society has launched a retirement interest-only mortgage product through Legal and General Mortgage Club. The offering is a 50 per cent LTV three-year discounted fix at 3.64 per cent, or at 3.34 per cent, although the lower rate requires a power of attorney to be in place for the applicant. In addition, this […]