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Half of equity release business now through brokers

Nearly half of all equity release business comes from intermediaries &#45 over 10% more than last year.

The figures, revealed by the Council of Mortgage Lenders at the Mortgage Business Expo yesterday, also show that lifetime mortgage account for three-quarters of the equity release market and £1bn of lending a year, while home reversions account for one quarter and £250m a year.

Overall, it is estimated that the market has increased by 121% from last year.


Broker appeals CCL decision

A Cheshire-based mortgage broker has appealed against the Office of Fair Trading&#39s decision to revoke his consumer credit licence application. Dominic Andrew Bardsley had his application revoked on August 8, but has appealed against the decision. His file has been referred to OFT head office and until the appeal is heard, his licence will be […]

Charcol launches 1.55% discount mortgage

Charcol has launched a 1.55% discounted mortgage to January 31 2007. The product has a current pay rate of 4.24%, capped at 5.99%. Ray Boulger, senior technical manager at Charcol, says: “Most fixed rate mortgages now look expensive when compared to discount and tracker deals. Capped rates are beginning to offer better value, although good […]

Show up to the show of the year

Mortgage Business Expo 2003 takes place at Earls Court 2 this week. The Expo is the UK&#39s largest residential mortgage show and host to the biggest gathering of lenders, packagers, clubs and networks ever seen. Supported by the Association of Mortgage Intermediaries, the Council of Mortgage Lenders and the Intermediary Mortgage Lenders Association the Expo […]

Blonde ambition

Bristol-based mortgage network Whitechurch is hoping to win over intermediaries by sending them this cheeky postcard over the next fortnight. The saucy seaside postcard, pictured here for the first time, features a scantily clad cartoon lady whose assets are just about covered by a swimsuit daubed with the word &#39fees&#39. A mortgage broker nearly falls […]

Jelf flexible benefits

In Focus: How to choose a flexible benefits provider — seven top tips

Jelf Employee Benefits looks at some of the key considerations employers should think about when reviewing and choosing a flexible benefits provider. Choosing the right benefits for your employees is one thing but delivering a successful employee benefits strategy is about understanding the complete picture and delivering it in a personalised way so that it resonates with each and every individual in your business. 


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