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MGM unveils compliance service for ARs

MGM Assurance has launched MGM Home Finance for brokers seeking appointed representative status.

The network will be free to intermediaries who pass seven or more applications through one of its four packaging partners, or £50 per month to those who submit less.

MGM will use Optima Mortgage Solutions and Mortgage Intelligence&#39s lender panels for prime applications, with separate deals with BDS Mortgage Desk and Solent Mortgage Services for access to their sub-prime panels.

MGM plans to exploit its status as a life insurer to self-insure all ARs for professional indemnity cover.

Stephen Maskens, manager of MGM Home Loans, says: “Our existing resources will enable us to slash the cost of supporting regulation.”


Zurich theatre to publicise network at Mortgage Expo

Zurich has built a 96-seat theatre known as The Zurich Mortgage Network Theatre from which it will run a two-day seminar programme at this year&#39s Mortgage Business Expo. Zurich, sponsors of the Expo, is aiming to attract intermediaries to its mortgage network at this year&#39s show, taking place at Earls Court on November 18 and […]

R3: Group acquires Personal Lines

The R3: Group has bought Personal Lines, bringing total income under its management to £20m. The Ipswich based R3: Group says that following sustained expansion over the last year, it was attracted to Personal Lines, owned by Keelan Westall, for its &#39homeowner solution&#39 for both intermediaries and their customers. The company will now operate under […]

House prices rise over 10% from 2002

The average house price in England and Wales is now £161,665 &#45 over £10% more than a year ago. The Land Registry&#39s third quarter property price report shows that the average price has increased by 10.62% from £146,150 in 2002 to £161,665 in 2003. The report also reveals that the volume of sales has decreased […]

Space4 receives Housing Corporation accreditation

Space4 has received Housing Corporation Standard House Plan Accreditation for 17 of its house and apartment designs. Space4, established in January 2001, has the capacity to produce more than 6,000 homes per year from its state of art manufacturing facility in Castle Bromwich, Birmingham. The company applies automotive manufacturing processes to its production of insulated […]


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