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Friends Provident profits rocket

Profits at Friends Provident for the half year rocketed by 46% to 233m, and profit before tax was up 221% to 334m. The company achieved underlying earnings per share growth of 11%, to 7.2p per share.

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The Mortgage Works reduces pay rate on B2L mortgage

The Mortgage Works has reduced the pay rate on its three year fixed rate buy-to-let mortgage from 4.69% to the market-leading rate of 4.55%. The new rate will be effective from Saturday September 17 2005 via intermediaries.The Mortgage works anticipates that this new rate cut will serve to further stimulate the buy-to-let market and encourage […]

Classic selects The Exchange for portal services

The Exchange, the leading supplier of portal services to IFAs and a key part of the Financial Services Division of Vertex, today announced that Classic Network Solutions Ltd has selected the Exweb Broker portal to support its mortgage advisers in the sale of protection products.Classic, the fast growing innovative mortgage network, has selected Exweb Broker […]

MEX celebrates

Mortgage Express last week celebrated its 10th anniversary as a niche lender at a rooftop venue in central London. Tim Dawson, managing director of MEX, says: “We have worked hard to forge relationships with business and media partners and delivered record volumes in August.”

Club members to be miles better off

Mortgage Next is to enhance its mortgage club proposition for directly authorised brokers with the launch of the Passport scheme on October 1. As well as access to exclusive products and free subscriptions to Mortgage Brain and Trigold, Passport offers an AirMiles loyalty scheme whereby points are received for every case that completes with Mortgage […]

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