Mortgage Match plans to boost its network size from 25 to 40 in the next 12 months after signing a deal with Legal & General.The deal means Mortgage Match’s appointed representatives will be able to sell the insurer’s life and protection products. Mortgage Match was formed in August 2001 by former Future Mortgages BDM Ian McPherson and former UCB Home Loans BDM Amo Ruprai. It has since gone on to become one of the South East’s leading mortgage packagers, dealing in the sub-prime, buy-to-let and self-cert markets. It processes over 7,000 mortgage applications per year, totalling in the region of 500m. Under the L&G deal, MM appointed representatives will be able to offer buildings and contents insurance and mortgage term and decreasing term assurance. The range also includes mortgage critical illness, decreasing critical illness cover, accident sickness and unemployment cover and MPPI. ARs will also be able to offer term assurance, family and personal income plans and income protection benefits. McPherson says: “We have a quality lending panel and by establishing this relationship with Legal & General we are able to offer a more comprehensive mortgage package than many other organisations.” Duncan Crocker, managing director of retail distribution at L&G, adds: “Mortgage Match has been growing rapidly and is now processing over 7,000 mortgage applications per year. “We are pleased to be able to offer its customers our competitive range of protection products to complement its proposition.”
If the legendary December slowdown in business really does come to pass this year, use the time to reflect and plan ways to take your business forward, says Sue Read
Portman has launched a two-year fixed rate mortgage amid speculation the brand may soon become branch-only.One source tells Mortgage Strategy Portman is looking to become a branch-only network, making The Mortgage Works the sole intermediary offering.
The Professional Mortgage Packagers Alliance is on the cusp of a major split that will see the four founder directors and their companies, All Types of Mortgages, BDS, Amity and Complete Mortgages, abandoned by the remaining 18. The split comes in the wake of the creation of lender Unity Homeloans, which distributes its products exclusively […]
On November 18, Swiss Re said it would acquire GE Insurance Solutions, the global reinsurance division of GE. The acquisition, expected to be completed by the middle of 2006, will make Swiss Re the largest reinsurance firm in the world.
Indian equities have officially re-entered a bull market, with the benchmark index climbing to a 11-month high. But this is just the start, argues Neptune head of Indian Equities Kunal Desai. Read more: Important information Investment risks Neptune funds may have a high historic volatility rating and past performance is not a guide for future […]
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