Enterprise Homeloans last week announced a Zurich-exclusive, client cashback deal of 0.5% for all completed sub-prime mortgages (where the procuration fee is at least 1%) across its entire lending panel, for all applications received between June 28 and August 31 2004. The cashback is capped at £750.
Michael Clapper, CEO of Enterprise, says: “The best exclusives are the simple ones. As well as adding value for the client, they should be instantly understood and remembered by the adviser. Zurich's advisers already benefit from our guaranteed service. This cashback scheme will instantly make them more competitive than any other advisers in this market.”
Richard Coulson, Zurich's mortgage director, says: “When we appointed Enterprise to provide our non-conforming mortgages, one of the impressive aspects of their submission, was their desire to offer the best possible value to our advisers and their clients. This announcement merely underlines that commitment. Our intention is to make Zurich the natural home of choice for all mortgage brokers.