Advisers

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Mortgage market “steady” in June: MAB

The Mortgage Advice Bureau’s mortgage index for June noted continued fragmentation within a broadly steady market, with all regions bar the South East, London, and the North East showing modest growth in purchase loan amounts. The average purchase loan in June was £175,929, was also almost unchanged monthly and annually, increasing from £175,487 and £175,151, […]

Comment: Fill the face-to-face void

The financial decisions that clients make – or don’t make – will ultimately determine their future. It therefore comes as no surprise that around three-quarters of customers want face-to-face advice when making important financial decisions. And 90 per cent prefer to speak with a member of staff in person, according to Newcastle Building Society research. […]

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First Ami fellowship awarded to Stephen Smith

The Association of Mortgage Intermediaries has created a new membership class to recognise individuals who have contributed in an exceptional way to the trade body. The new membership class was announced at last night’s annual Ami dinner where former head of Legal and General Mortgage Club Stephen Smith (pictured) was awarded the first fellowship. Ami chief […]

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Providers to pay a quarter of advisers’ FSCS fees

Providers will have to contribute 25 per cent of advisers’ Financial Services Compensation Scheme bills, the FCA has ruled today. Despite fierce opposition from some providers, and some advisers arguing that providers should pay up to 50 or 75 per cent in response to the FCA’s consultation, the regulator has decided to go ahead with […]

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Paradigm advisers to offer The Exeter’s impaired life products

Directly authorised advisers using Paradigm Protect can now access The Exeter’s life insurance products for clients who have previously been declined cover due to serious health conditions. Paradigm is one of a limited number of distributors that have been given access to the mutual’s range of impaired life products. The Exeter has recently extended its […]

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JLM appoints COO ahead of ‘robo advice’ launch

Mortgage and protection network JLM Mortgage Services has appointed Daniel Leach as chief operating officer. Leach will focus on developing JLM’s ‘robo mortgage advice’ proposition, Virtual Adviser. He will also be tasked with driving growth in the business, including adviser recruitment, and will report into JLM directors Rory Joseph and Seb Murphy. Joseph says: “Daniel brings […]

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Mortgage broker confidence at two-year high: Paragon

Mortgage intermediary confidence is at its highest level since 2015 since 2015, according to the latest Financial Advisers Confidence Tracking Index report from Paragon. The report is based on interviews with 199 mortgage intermediaries and found the index to be 105.9, the highest score since Q4 2015. The report found the increase is in part […]