View more on these topics

Mortgage Times launches online pure protection proposition

Mortgage Times has launched its online pure protection proposition, Direct Times.

Brokers will now be able to submit business directly via its website, www.directtimes.com to all major product providers including BUPA, Friends Provident, Legal & General, Scottish Equitable, Norwich Union Scottish Provident and Scottish Widows.

Mortgage Times says as well as delivering a fast and efficient service, members can benefit from enhanced rates of commission on all pure protection products.

Direct Times is part of the Mortgage Times compliance support programme and is aimed at directly authorised intermediaries &#45 offering them the option of buying in the services that will enable them to stay fully compliant with the regulatory requirements.

In addition, Direct Times is offering members the opportunity to own a share in the company. Upon sale or floatation, 30% of the value of the company will be distributed amongst its customers.

Christopher May, director Mortgage Times, says: “Mortgage Times offers a one-stop solution to all intermediaries, regardless of which route they decide to take. We have spent a considerable amount of time researching the market and found that many networks seem to offer a good mortgage proposition, but lose their competitive edge because of the pure protection products they are offering.

“Mortgage Times is one of the few companies that offers the best of both worlds to our members. On top of this, our proposition is simple and transparent.”

Recommended

Mother-of-three forced to live in her car

A 41-year-old mother-of-three has been reduced to living in her Mercedes 230 car after her £1m house was repossessed by Mortgages PLC – despite her attempts to clear the debt. The plight of businesswoman Samantha Von Daniken first came to light in The Sunday Telegraph last month after MPLC foreclosed on £546,000 of mortgage debt. […]

Over nine in 10 overseas homeowners keen to buy more properties abroad, survey shows

Over nine in 10 overseas homeowners intend to buy more properties abroad, with half planning further purchases within the next year, a survey by the Property Investor Show North reveals. The survey shows confidence in the overseas market is strong, with the expansion of the EU, rocketing house prices in the UK and the strength […]

One in two homeowners will remortgage after 1% rise in base rate

One in two homeowners say they would remortgage when rates rose by 1%, says The MarketPlace at Bradford & Bingley. Research carried out by The MarketPlace in October last year found that one in two homeowners would only consider remortgaging if rates were to rise by 1%. Since then, rates have risen from their historic […]

Simply Lifetime launches guide to lifetime mortgage regulation

Simply Lifetime has launched a guide for intermediaries on the new FSA rules to selling Lifetime Mortgages. Called &#39Enlightenment&#39, it explains how the sales process will differ under the new FSA rules, specifically looking at how suitable advice must be given. It is also aimed at lenders and distribution networks examining how the new rules […]

Newsletter

News and expert analysis straight to your inbox

Sign up