View more on these topics

AXA launches mortgage proposition

AXA last week announced lthe launch of its mortgage proposition as part of its strategy to become a major player in the UK mortgage advice marketplace.

AXA has applied to the Financial Services Authority for principal status for mortgage and general insurance business written by its tied distribution partners. By taking mortgage principal status AXA will enhance its mortgage support proposition for both current and future partners.

The announcement follows last year&#39s launch of AXA&#39s Mortgage Solutions. AXA believes that under the changing regulatory conditions, it will become increasingly important for advisers to demonstrate that they are providing their clients with well-researched advice, underpinned by the security of fully compliant systems.

Paul Rodgers, head of AXA Adviser Network, says: “AXA is acutely aware of both the financial and compliance pressures that the regulatory changes in the mortgage marketplace will have on advisers. The unveiling of our new mortgage proposition today demonstrates AXA&#39sintention not only to become a major player in the mortgage market but our commitment to our business partners.

“It is our aim to become the host of choice for advisers operating in the financial services marketplace and the launch of our mortgage proposition is a significant step towards achieving this ambition. By capitalising on AXA&#39s growing distribution, its financial strength, and the breadth of its product proposition across all sectors of the marketplace, we expect to see a substantial increase in the number of distributors that can benefit from our proposition.”


Exclusive: TMB closes to new business

TMB is contacting brokers and packagers today telling them all cases being processed must be submitted by the middle of August. And one unnamed intermediary is speculating the move is more a result of HBOS trying to limit its market share and reduce its exposure to self-cert than to clear case backlogs. The move comes […]

Music to lose customers by

From Brian HumphreysHow I agree with Mark Osland (Mortgage Strategy June 7) about poor service. Not only have I just spent 10 minutes on hold to Mortgage Express but the music I was treated to featured the lyrics: “It&#39s a rat trap Billy – and you&#39ve been caught!” I half expected the next record to […]

McManus named acting head of sales

McManus is widely respected in the mortgage market and has a solid background, having worked for Bristol & West for the past 13 years. For the past five years McManus, known for her tough negotiating skills, has been regional sales manager for the central region which includes London – possibly the toughest patch in the […]

AToM launches two semi-exclusives with Birmingham Midshires

All Types of Mortgages Ltd has launched two semi-exclusives with Birmingham Midshires. The mainstream product includes a headline rate of 3.99%. The product tracks the Bank of England base rate and is discounted by 0.51% for two years, after which the rate tracks the Bank base rate plus 1.25% for the life of the loan […]


News and expert analysis straight to your inbox

Sign up