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Members Mortgages receives authorisation

Members Mortgages Network is guaranteeing that all aspiring appointed representatives applying to join the network before September 30, 2004 will have their application processed by M-Day.

It has also stated that the first 60 taking up the offer will receive a minimum of 20 qualified mortgage leads per month.

Managing director Clive Watkins says: “I am delighted that we are one of the first networks to receive our full FSA permissions. I have spoken to many mortgage advisers recently who have still not decided which network to join. Time is very short and we are committed to support genuine, like minded, mortgage professionals.”


HM Customs rules against VAT on network fees

There has been mounting confusion over exactly what the VAT treatment of services supplied by ARs operating under networks would be. But in a Business Brief released last week Customs defines networks as firms which appoints, trains and takes liability for ARs in accordance with FSA requirements and then subcontracts its functions to those ARs […]

Sesame users switching to Trigold

Sesame is committed to offering its members the best software and services and made the decision to make Trigold available to its members to ensure the best choice. Andy Young, head of mortgage services of Sesame, says: “This is a clear endorsement of our decision to make Trigold available to our members. With regulation almost […]

MCCB announces post-Mortgage Day arrangements

The changes will take effect on Mortgage Day when the FSA will assume statutory responsibility for regulating the mortgage industry. The Mortgage Code will no longer apply from this date, and MCCB will cease its activities. MCCB has, however, put in place various arrangements to provide assistance to registered firms and consumers after this date. […]

Mortgage Next receives full authorisation

Martin Maynard, managing director, says: &#34It&#39s great news that Mortgage Next has received its part IV permission notice. Everyone at Mortgage Next has worked hard to prepare the business for regulation and we are now ready to provide a comprehensive support service for mortgage brokers. We can offer brokers access to market leading products supported […]


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