Martin Maynard, managing director, says: "It's great news that Mortgage Next has received its part IV permission notice. Everyone at Mortgage Next has worked hard to prepare the business for regulation and we are now ready to provide a comprehensive support service for mortgage brokers. We can offer brokers access to market leading products supported by a fast and efficient service."
There is a system of broker networking that looks to be heading for extinction after general insurance regulation. Insurance clubs, through which brokers group together to share views, ideas and information on the market – and in some cases negotiate deals for themselves with insurance providers – are likely to become less common. In fact, […]
Philip Head, managing director of The Mortgage Union says: “I am delighted to have received the authorisation, especially for all those ARs that have already committed themselves to The Mortgage Union. We have a broad product offering and a ground breaking software system, Xplorer, that researches the mortgage product, life assurance, GI and produces all […]
The grant of permission under part IV of the Financial Services and Markets Act 2000 means that Vesta will be an authorised organisation from Mortgage Day, October 31. The notification follows Vesta's minded to approve letter which it received early last month. Mark Leaper, managing director of Vesta Money, says: “All our hard work on compliance […]
All three lenders within the group, Britannia, Platform and the commercial lending department, delivered record first half figures. The group says that quality of lending remains high. Just 4.4% of residential lending for the half year was at more than 90% LTV with the average mortgage LTV at just 66%. And 94% of lending is […]
In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.