Lifeboat launches mortgage firm

The Lifeboat Financial Group is to launch Lifeboat Mortgage Solutions through a series of five roadshows across the country.

Lifeboat Mortgage Solutions will offer advisers and agents who are part of LFG bespoke mortgage sourcing software and transaction technology.

There is also a website which will give further services including a comprehensive choice of general insurance providers.

It will offer a bespoke version of Trigold&#39s industry leading Prospector Plus with direct mortgage submission and access to over 70 lenders both prime and sub-prime.

The Trigold package will include Compliance Shield which allows for the generation, capture, time-stamping and archiving of all compliance documentation at point-of-sale.

Free MCCB membership, PI insurance, procuration fees and packaging facilities will be included as part of the package.

Brian George, managing director of Lifeboat Mortgage Solutions, says: “Our proposition is unique in as much as it has taken the whole mortgage opportunity and turned it into a one-stop shop.”

• The Lifelink Group says it will apply for principal status under forthcoming FSA regulation.

The firm currently has 300 member firms transacting general and mortgage business and says that it will continue to give its membership access to the entire life, general insurance and mortgage markets under regulation.

Mike Gosnell, director of Lifelink, says: “We cannot see how the company&#39s future appointed representatives can effectively operate in this competitive market without access to all the products that the market has to offer.”