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 - 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.”