View more on these topics

Manor Mortgages receives full authorisation

The Manor Mortgages Network offers whole of market lender access, multi or single tie life options, point of sale compliance and will leave procuration fees earned by the introducer untouched.

James Harries, sales and marketing director, says: “A good realtionship with the FSA is vital going forward. As far as we are concerned, it&#39s embrace the future or be damned – it really is that simple. As a well established packager we receive business from a wide variety of


“We have so far offered appointed representative and appointed introducer status solely to existing business contacts; so we know them, and they know us. Time is clearly running out, but those whose network choice has not received and MTA letter or full authorisation yet, should be asking why and really thinking hard about the decisions they are making.”

Dave Stephenson, managing director, says: “Our network plans fit perfectly alongside our strategy of working with our directly registered brokers and our representation on clubs and panels. We are limiting the number of AR positions available to 50 firms only and we realise that we do not want this to impact on our core business of servicing the needs and requirements of our directly registered individuals.”


Network frustration at A&L policy

Discussions are underway at Alliance & Leicester after frustrated networks were told their members would be treated as individuals, rather than as part of a network. Ian McIver, managing director at The Whitechurch Network, was told that, come regulation, each member of the network would have to pass a certain number of cases a year […]

CD to help brokers pick deals

Three brokers have joined forces to develop an easy to use CD program to help brokers quickly come up with the best mortgage option for a client. Mortgage Minder allows brokers to enter a client&#39s details, track any changes to their client&#39s mortgage and create a &#39what if&#39 scenario which will produce various models showing […]

Intermediaries face inducements dilemma

Problems will arise when lenders are forced to decide what is meant by an inducement come regulation. This could put a stop to hefty bonuses. One source tells Mortgage Strategy that cash bonuses of £200-£300 are being offered by some lenders to brokers for each case that is passed. Ray Boulger, technical manager at Charcol, […]

Launch of financial services specialist creates 250 jobs

Credit Centre is a specialist financial services organisation that caters for the specific needs of the 7.6 million people who are unable to obtain a mortgage or personal loan from a high street bank or building society. The organisation has launched the first phase of its recruitment campaign as it opens its head office in […]

Retirement fund - thumbnail

What price (more) freedoms?

George Osborne will make his last Budget speech of the current parliamentary term this week, and the early media briefings suggest that pensions will again feature heavily in that statement. So what are we able to learn from the weekend’s coverage?


News and expert analysis straight to your inbox

Sign up