Insurance brokerage Mortgage Protection UK has come under fire for unpaid commissions again.Alan Campbell, proprietor of Inglenook Financial Services, contacted Mortgage Strategy after battling with MPUK for six months to claim unpaid commission, to no avail. Inglenook is owed three years’ commission by MPUK totalling over 300. Campbell says: “It may only be 300 but MPUK should not be able to get away with it. I only have a few clients left with it. I keep trying to move clients away as it charges high prices for policies.” Bognor Regis-based MPUK was threatened in 2002 after scores of brokers were not paid thousands of pounds in commission despite repeated communications with the firm. Campbell says: “Last time the company owed us commission we complained. That was resolved but I believe it has only paid us once since. When I complain this time all I get is: ‘Sorry, we’re in disarray here.'” Inglenook says it is willing to take legal action against MPUK if the situation is not resolved. MPUK declined to comment.
- Top trends
Moneynets mortgage research data for October reveals the overall average property value was 208,333. The data also shows the average value of a property for a first-time buyer was 194,925, Overall, the average mortgage amount required was 139,982 for a 67% LTV, with first-time buyers looking for an average mortgage amount of 133,947 at 69% […]
Mortgages Direct, the financial subsidiary of Spicerhaart, has revealed that more borrowers are continuing to opt for fixed rate deals because they arent convinced low level of interest rates will hold.Research from Mortgages Direct shows 96% of borrowers opt for fixed rate deals of two to five years. Peter Gladdy, director of Mortgages Direct, says: […]
Barclays says the number of Brits who buy property abroad will double to 4.4 million. It says 37% of people are considering buying a place in the sun. Spain is the most popular choice of destination, closely followed by the US and France. Just 8% are worried about paying too much for a property.
eConveyancer, the online system for instructing conveyancers which is owned by the United Group, is to be made available to Mortgage Promotions brokers throughout the country.eConveyancer provides intermediaries with a fast and easy way to select and instruct a conveyancer on behalf of their client and then monitor the conveyancers progress thereafter. The system, which […]
In this short video, Azhar Hussain, head of global high yield at Royal London Asset Management, explains how his team balance bottom-up with top-down research in constructing multi-asset credit portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up […]
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