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Two big networks plan to double in size this year

Two of the industry’s biggest networks are gearing up for recruitment drives, fuelling talk of consolidation in the sector.

Pink Home Loans and The Mortgage Times Group have unveiled plans to double in size by the end of the year.

Pink’s strategy is to expand by acquiring rival networks while MT aims to recruit appointed representatives from other networks as well as directly authorised firms.

Chris May, director at MT, says: “We are going to double our figures without having to acquire any firms.”

Rival network Prestbury recently said that it is open to takeover offers.

Francis Maude, chairman of the Conservative Party and chairman of Prestbury, says: “It is widely accepted that the mortgage and insurance distribution market needs to consolidate.”


Payment holidays on the rise, says

Lenders have increased the number of mortgage deals that include a payment holiday facility to allow struggling customers to relieve the financial burden of repayments, analysis by reveals.Over the last six months the proportion of mortgages with a payment holiday has increased from 50.8% to 56.3% and the number of products with this facility […]

FSA fails small firms on TCF, says report

The Financial Services Authority has been blamed for a “massive communications gap” when it comes to guiding small firms on its Treating Customers Fairly initiative.

The Mortgage Mole

UnravelledOn a jaunt to the Financial Services Scotland mortgage trade show in Glasgow last week, Mole was his characteristically helpful self when he encountered a crowd of tartan-clad elderly ladies wandering around the exhibition hall. They were keen to find out how to subscribe to Mortgage Strategy, but when Mole explained they needed to be […]

E2M links up with Mortgage 2000

Easier2Move has joined Mortgage 2000s conveyancing panel.Mortgage 2000, part of, offers a range of products and services to mortgage intermediaries. This link up makes Easier2Move a member of Mortgage 2000s conveyancing panel, which will see their services offered to any of the thousands of intermediaries who use one or more of Mortgage 2000s services. […]

Greg Broomer 2

Survey looks at the challenges facing businesses post auto-enrolment

A survey conducted by Johnson Fleming at the Pension & Benefits Show 2014 highlighted the key challenges faced within organisations post auto-enrolment. The results showed that communicating the changes and the value of them to staff, and receiving timely data from the payroll provider proved to still be the most challenging aspects of managing an auto-enrolment scheme.


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