View more on these topics

Exclusive Connections launches network

Exclusive Connections is to launch a network for intermediaries wishing to become appointed representatives.

The Peterborough-based packager will apply to the FSA in January for direct authorisation status for the network, to be named The Mortgage Union.

The Mortgage Union will operate as a national brand, supported by EC&#39s network of 35 regional offices, while all of its appointed representatives will get the backing of an experienced compliance team and be able to place business through EC packagers. The new brand will make its first appearance to intermediaries at Mortgage Expo on November 18 and 19.

Patrick Day, managing director of EC, says: “For the many intermediaries who are still undecided about their future October 2004 represents a potential threat, but the appropriate strategic response will turn that threat into an opportunity. Our response is based on the fact that regulation will affect both brokers and packagers.

“The Mortgage Union will provide an excellent vehicle for brokers and intermediaries who wish to enjoy appointed representative status, whether they currently work through EC packagers or not, and to join a professional, supportive mortgage network that is perfectly set up to meet the needs of their business.”


A breath of fresh air for first-time buyers

A recent report from independent market analyst Datamonitor suggests that current account and offset mortgage are a definite boost for first-time buyers. The CAM and offset market is a fast-growing segment that currently accounts for £22bn of the UK mortgage market in terms of gross advances. This is forecast to double in the next five […]

Blevins Franks Mortgage Services launches equity release guide

Blevins Franks Mortgage Services has launched a guide to equity release schemes The guide has been designed to inform people aged 60 considering an equity release scheme about the different options available to them and to highlight both the benefits and pitfalls. Under-funded pensions and depressed annuity rates mean many retired people need to supplement […]

The Mortgage Partners to launch at Mortgage Expo

The Mortgage Partners is to launch its compliance proposition for brokers wishing to go directly authorised at this year&#39s Mortgage Expo. The company says its compliance servicing operation will be an alternative for brokers who want to stay independent, but also benefit from the services of principal-led firms and networks. Rather than imposing strict conditions, […]

The mortgage mole

Baubles and balls Mole, continuing his jetset lifestyle, picked up an award last month at Westminster&#39s plush Cinnamon Club – runner-up in the Bradford & Bingley media awards&#39 trade magazine of the year category. And it went on. A dash across town to Grosvenor Square later and he was partying the night away at the […]


News and expert analysis straight to your inbox

Sign up