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Mortgage Intelligence offers 48 hour proc fee

Mortgage Intelligence is offering 48 hour procuration fees for Abbey’s latest exclusive 3.59% two- year fixed broker rate to all directly authorised members.

Appointed representatives of Mortgage Intelligence receive 48 hour procuration fee payment as standard on all completed cases.

Sally Laker, managing director of Mortgage Intelligence, says: “We are delighted to be in a position to offer these payment terms to all members of Mortgage Intelligence on our latest semi-exclusive deal with Abbey. With this fantastic rate and our prompt payment terms we are confident this will prove extremely popular with our members.”


Brokers still have options

The government’s decision to cut the base rate to 0.5% was another nail in the coffin of the remortgage market. With SVRs hitting the floor, for many borrowers the simplest option is to do nothing.

Shared ownership could be the new sub-prime

Some lenders are starting to classify shared ownership mortgages as sub-prime as borrowers begin to staircase down instead of up, the Communities and Local Government Committee has warned.

Trade bodies want your response to FSA fee plan

The Association of Independent Financial Advisers and the Association of Mortgage Intermediaries last week issued a joint statement calling for members to respond to the Financial Services Authority’s fee proposals.


DB transfer showstoppers

By Jim Grant, Senior Product Insight & Technical Support Analyst Transfers from defined benefit (DB) schemes are a bit of a hot topic just now. In this article we look at a couple of factors that could prevent a transfer from happening Equalisation of pensions Prior to the Barber case in 1990, DB pension schemes typically provided […]


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