View more on these topics

1st Software joins AMI

1st Software has become an affiliate member of the Association of Mortgage Intermediaries.

From July 1, all users of 1st&#39s Adviser Office system will be eligible to receive a 10% discount on AMI membership charges. This offer is open to both existing and new users of the Adviser Office system.

Nick Berry, channel manager of mortgages at 1st, says: “The discount arrangement with AMI is just another example of 1st&#39s commitment to providing our mortgage users with added value benefits.

“As a provider of technology to the mortgage sector, as well as an affiliate member of AMI, we will support the industry&#39s trade body in whatever way we can. AMI offers advisers a voice in their future and should be supported fully by all those connected with providing mortgage advice.”

Recent research amongst the IFA community found that only 20% of an adviser&#39s time was “productive”. The vast majority was taken up by administrative matters and the burden of coping with regulation. Mortgage and general insurance intermediaries coming into statutory regulation for the first time risk falling into the same traps.

Chris Cummings, director of AMI, says: “AMI is delighted to welcome 1st as an affiliate member of AMI. The FSA is listening to AMI&#39s views on regulation and is achieving this level ofinfluence thanks, in part, to the fact that its membership is growing so quickly. The support of forward-looking companies such as 1st will only add to this.”

1st has 10,000 users of its Adviser Office system, which provides CRM, marketing and back-office technology solutions with integrated e-commerce links to the mortgage sourcing systems, major portals, fund-supermarkets and product providers.


Equity release schemes are much fairer, these days

From Nick BerryI have been following the equity release debate with keen interest and of late it certainly seems to be gathering pace. There are proponents of such lending schemes who correctly point out the advantages to those in retirement whose disposable income is restricted yet who are sitting on large amounts of untapped equity. […]

BMS launches new product range

BM Solutions has unveiled a new range of sub-prime, buy-to-let, and self-certification products for June. Highlights of the new range include a stepped sub-prime tracker and a five-year fixed buy-to-let product. The sub-prime range brings a mainstream level of choice to every customer. It features a stepped three-year tracker that graduates the cost, helping customers […]

The nursery option will bring comfort to some

With a new network popping up every five minutes it is becoming increasingly difficult for brokers to choose which of the propositions is best for them. Rather than being like kids in a candy store, spoilt for choice, the important and daunting task of deciding what network will suit the broker&#39s business best is fast […]

Halifax reveals Liverpool house prices strengthened by Euro award

Halifax has published research revealing that Liverpool winning the title of European capital of culture 2008, has coincided with a strengthening in house prices in the city and also compared to the North-West region as a whole. In the nine months following the title nomination in June 2003, the average house price in Liverpool has […]


News and expert analysis straight to your inbox

Sign up