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Concern that IFAs will be at lenders&#39 mercy

This is a particular problem for IFAs specialising in equity release and home reversion where many firms don&#39t offer the same online facilities as traditional brokers.

KRS has been contacting all major providers for reassurance that they will provide the illustrations in time. The feedback has ranged from assurances that an online service will be in place to postal guarantees, provided the information is entered in time.

KRS has revamped its website to make it easier for intermediaries to introduce business online. The site&#39s IFA zone has also been made faster and more streamlined for those entering customers&#39 details.

Dean Mirfin, business development director at KRS says: “The site now makes it clear that IFAs do not need to turn lifetime reversion business away.”


TMB returns with three core products

On Friday the company launched a range of three core products. The Prestige mortgage is for loans over £500,000, base rate plus 0.99% for the life of loan. House 2 House is a buy-to-let based on income, not rental yield, and is a level tracker of base rate plus 1.79%. The third product, Ten to […]

Redecortaing is our holiday obsession

The average person spends more than 20 days a year &#45 that&#39s a staggering 486 hours &#45 striving for perfection in their homes. A minimum of £550 is spent on each room of the house, on decorating materials such as paint, fixtures and fittings. And each person will decorate rooms up to six or seven […]

Housing market confidence on downward trend, says Woolwich

The fall in confidence demonstrates that recent interest rate rises have had a significant impact on the housing market. The Woolwich index shows that 56% of homeowners believe their property will continue to increase in value compared to 62% in July and 65% in June. This is the largest month-on-month drop since the Woolwich started […]

Majority of non-regulated intermediaries will sell additional products following regulation

Research by The Exchange says 56% of currently non-regulated intermediaries will start selling other products following the introduction of mortgage regulation in October 2004. The findings also reveal that three-quarters (75%) of the intermediaries surveyed believe the cost of mortgage regulation will be passed onto the consumer. The research shows that two months short of […]


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