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Commercial First appoints TBMC as master packager

This enables it to pay generous commission of 1.5% to introducers on cases of any size, and unlike some other packagers, TBMC does not make any additional client charges for packaging the case.

Other key features include no additional broker fees, up to 100% LTV with additional security and a repayment term up to 30 years.

Mike Staight, head of commercial lending, says: “This is a product that really fills a gap in the commercial market. We also offer our brokers assistance in marketing commercial mortgages to their clients.”

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…And meets with industry approval

Bob Riach, proprietor at Riach Independent Financial Advisers, says: “I&#39m reluctant to place any business with Abbey. I will not be advising clients to take an Abbey deal until it has sorted itself out.” Ray Boulger, senior technical adviser at Charcol, says: “An HBOS bid would have almost certainly been put to the competition authorities […]

Legal & General Partnership receives full authorisation from FSA

This confirms that the partnership will be fully authorised to trade under the regulatory regime which takes effect on October 31. Graham Newitt, Legal & General&#39s managing director of intermediary solutions, says: “We are delighted to receive full authorisation from the FSA. The Legal & General team have worked extremely hard to develop and deliver […]

Lighthouse Group announces interim results

The groups turnover is up by 36% to £12.9m and gross profit is up by 112% to £3.3m. Group operating loss – before exceptional item, depreciation and amortisation of goodwill – is £0.9m, up from £0.8m in 2003. Lighthouse has also recruited 34 advisers formerly authorised by Broadstone IFA. David Hickey, chairman of the Lighthouse […]

Inter-Alliance Group in general insurance link up with Higos

Higos will provide a fee-paying referral service for those within all Group Companies who do not want to advise on general insurance but still wish to provide this service to their clients. Higos, established in 1992, is a specialist general insurance broker covering a full range of both personal and commercial products. Helen Davis, distribution […]