Hamptons Mortgages has signed up to Key Retirement Solutions’ equity release mortgage club, Lifetime Advisory Services.Following in the footsteps of Chase de Vere, which was LAS’ first subscriber, Hamptons’ qualified advisers will have access to training, integrated fact-finds and suitability reports, a research platform and end-to-end case tracking. Kevin Duffy, managing director of Hamptons Mortgages, says: “KRS is at the forefront of initiatives in the equity release market and we are sure this one will help make execution in lifetime mortgages easier.” Dean Mirfin, business development director at LAS, says: “This is the cr笥 de la cr笥 of mortgage clubs for trained equity release advisers who want to do better business for their clients. Dabblers need not apply.” Brokers looking to join must be transacting a minimum of three equity release cases per month and members are required to undertake a five-day course if they do not already hold a qualification in this area or a three-day refresher course if they do. Mirfin says this is to stop knowledge decay, which he believes is one of the biggest problems facing equity release advisers. As well as raising standards and providing advisers with access to exclusive deals and competitive commission rates, subscribers could also save money on their professional indemnity insurance. Mirfin says: “Our PI company estimates that brokers and IFAs could save 20% on their cover, which would pay for the service.” Sponsored by Prudential, Just Retirement, Bridgewater, GE Life and Mortgage Express, the initiative not only aims to raise standards but also to encourage a larger market in equity release.
Halifax’s house price index reveals house prices rose 0.2% in July following declines in May and June.
Peter Saint-Ruth has been appointed senior manager for the intermediary channel and product development at Nationwide. He was previously national account manager within intermediary markets at Nationwide.Tim Hughes, head of intermediary markets, says: “I am delighted to welcome Saint-Ruth to the role of senior manager within intermediary markets. “Our focus going forward is to ensure […]
Hometrack, the UK housing information business, has appointed Julia Grinham as director of Hometrack Consumer.She joins the company from UpMyStreet.com, where she has been running the business for the past three years. During her tenure she successfully took the website into profitability, increasing the user base to over a million visitors per month and attracting […]
Swaps initially fell last week with one-year money edging below 5%, before rising above the previous week’s levels. They are now at pretty much the levels they were three months ago.
Edenred has partnered with Johnson Fleming to launch an auto-enrolment solution for small to medium-sized enterprises (SME) that will help employers fulfil their pensions obligations.
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