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1,000th firm joins Mortgage Promotions

Packager Mortgage Promotions yesterday announced that the 1,000th firm had joined the rapidly growing network, which launched in July 2001.

Nick Baxter, director of Mortgage Promotions, says: “We are delighted to have achieved this milestone so quickly. With an average of over three registered individuals per member firm it means that over 3,000 individuals have access to our products. This critical mass gives us significant buying power with our product provider partners and we are happy to work with them for the benefit of our membership.

“We are an organisation that wants to work with directly regulated mortgage writers who have bothered to pass their mortgage examinations and want to take responsibility for the advice they give, but recognise that they need the assistance of a bulk buying organisation to negotiate on their behalf with product providers and to provide a menu of other services which they buy only if they need them. Our menu has recently been expanded to include an outsourced compliance consultancy service and consumer booklets. The fact that so many firms have joined us in such a short space of time shows that most firms do not want to abdicate responsibility for what they do and we are looking forward to continuing our growth in our focused marketplace.”


Top-up fees could lead to 100% rise in graduate debts

Changes in funding for higher education could mean that students will leave university with debts up to 100% higher than in 2002, Barclays says. Education secretary Charles Clarke recently announced that students could be saddled with debts of over £21,000 following the introduction of top-up fees. The Barclays graduate survey has shown that graduate debt […]

Halifax appointed to Best Advice Mortgage Network lender panel

Members of Best Advice Mortgage Network will now have access to a range of Haliax products following the lender&#39s appointment to Best Advice&#39s panel of lenders. The appointment follows last week&#39s announcement that The Woolwich has joined the Network&#39s panel. Jack Saxton, head of intermediary sales at Halifax, says: “Halifax is pleased to be joining […]

CML urges homeowners to claim tax credits

With publicity for the new tax credits system beginning shortly, the Council of Mortgage Lenders is urging homeowners to check whether they are entitled to claim the credits. At present, only half of eligible homeowners are claiming credits. An estimated £1bn a year of unclaimed tax credits are accounted for by homeowners. The CML&#39s reminder […]

Homebuyers stay calm despite economic uncertainty

The number of people intending to buy a new home in the next two years has remained stable at 11% for the third consecutive quarter, finds Alliance & Leicester&#39s quarterly movingimproving index. Whilst this figure has fallen from a high of 15% two years ago, the findings suggest that there has been a measured cooling […]

piggy, cash, money

Reassuringly focused on claims

By Ross Jackson, senior protection marketing manager We’re sure you’ll have heard your customers say ‘But insurance companies don’t pay claims’ when giving a reason for not wanting to take out protection. In fact, our State of the Protection Nation research showed that 27 per cent of consumers asked didn’t think protection providers paid out […]


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