View more on these topics

Comment: There’s no shame in getting help


A mortgage ‘paraplanner’ arrangement could remove some of the administrative burden from advisers’ workloads

There is an entire industry built upon self-help, personal growth and bettering oneself. Pop into your local bookshop and you will find shelves of publications dedicated to this subject, while there is an army of gurus out there making a living from peddling what I believe to be, for the most part, common sense.

That is not to say we cannot learn a thing or two about how to maximise our time in the workplace or how to be a better manager.

But I often find that talking to my peers and colleagues is just as helpful, if not more. It beats shelling out £20 for a book that, in all likelihood, I will not read beyond chapter three.

That said, how many mortgage advisers currently find themselves under time pressure in terms of their working arrangements? There is a limit to what can be achieved with just a single pair of hands.

Better use of technology is one area where efficiencies can be achieved but my own colleague, John Coffield, has recently been vocal about the benefits that arise from additional man/womanpower – especially when it comes to those admin tasks that could be carried out, potentially to a better standard, by individuals not involved with providing advice.

John recently talked about the potential for a mortgage ‘paraplanner’ arrangement, which would allow the adviser to concentrate on the delivery of advice before handing over the various other tasks.

For those who have never employed someone to help, it may seem a big step. But doing the sums can illustrate the income benefits that may be generated, even if, initially at least, the support is on a part-time basis.

Helping yourself does not have to exclude all others. Indeed, perhaps you can help yourself the most by employing someone else.

Bob Hunt is chief executive of Paradigm Mortgage Services


lifetime lease purchases

What is a lifetime lease purchase?

Lifetime lease purchase deals involve raising finance but not on current properties. Rather, they are taken out when consumers move home. They are called lifetime lease schemes. Although not identical to sell-and-rent-back options, they are unregulated too. Lifetime leases are designed for clients who want to move but either cannot afford to or don’t want […]


Metro Bank cuts residential and B2L five-year fixes by up to 0.30%

Metro Bank is cutting five-year fixed rates on its residential and buy-to-let mortgages by up to 0.30 per cent. The changes take place today. Metro Bank head of mortgage distribution Charles Morley says: “We’re pleased to announce a reduction across our five-year fixed rate mortgage range, benefitting those customers looking for a longer term mortgage […]

InFocus - thumbnail

In Focus — February 2015

Jelf Employee Benefits looks at the issue of paying anaesthetist fees when the patient had no chance to discuss or agree to them prior to care; and provides recommendations for avoiding this scenario.


News and expert analysis straight to your inbox

Sign up