Brokers have slammed Mortgage Angels for conflict of interest after it endorsed a complaints company that targets brokers to introduce consumers with endowment policies.The lead generation firm included details of the company, Endowment Support, in a mailshot to brokers and IFAs, introducing it with the phrase: “At Mortgage Angels we’re always looking for new ways to add value to your business”. The email states: “Do you have clients that could be eligible for compensation in connection with their endowment policy? If you’ve felt uncomfortable in the past about referring cases to a claims handling company, then look no further”. It goes on to detail that for each successful referral, advisers can expect to earn, on average, 125 in commission. Jim Gillespie, IFA and operations director at The Property Supermarket, says: “Talk about biting the hand that feeds you.” Sole broker Roy New adds: “This is disgusting. Mortgage Angels shouldn’t be seen to be dealing with a cause that is against IFAs and at the same time selling leads to them.” But Nat Daniels, managing director of Mortgage Angels, says: “I can see why it might be seen as a conflict of interest. But I’m sure the adviser in question would want to look at consumers’ interests as a whole. “A lot of Endowment Support’s clients are IFAs and advisers who are using the service it provides which is why we were approached.” Pauline Stone, director at Endowment Support, says: “A lot of advisers prefer to refer clients with an endowment complaint to a firm that deals with them in a professional way.”
Blemain Finance has participated in the c2-Financial weekly web news cast, which is now live. In the video, Marc Goldberg, director, is shown explaining the benefits of secured loans and how, in many cases, they offer more benefits than a full remortgage. Blemain Finance is the secured loans division of Blemain Group, which is now […]
Capital Home Loans has launched a two-year fixed rate buy-to-let mortgage at 5.35% until October 31 2008. Other features include a 695 completion fee, no personal minimum income requirement, no income checks and lending of up to 85%LTV on new-build flats. It also allows lending on up to 25% of flats within the same block, […]
Assetz, property investment specialists has recruited Nick Booker as its business development manager, with the task of raising awareness of the Assetz property funds within IFA networks.Nick Booker has worked as a development consultant and property investment advisor, contributing at major industry and consumer events. In 2005 he chaired a series of debates on the […]
Jon and Linda are renting and as they can’t find a suitable property to buy, they would like to build their own home. They have found a plot of land with outline planning permission for a three-bedroom property. The land is on sale for 115,000 and they have been advised that the build will cost approximately 150,000. They have some savings but need finance to help buy the land and fund the build. What are their options?
The making of any fund can be seen in how it responds to crises and opportunities. In this short video, Head of Multi Asset at Royal London Asset Management Trevor Greetham outlines how the Royal London Global Multi Asset Portfolios or GMAPs navigated through Brexit and the US election cycle. He also highlights the importance […]
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