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Lenders create partnership to smooth run-up to M-Day

Tenet&#39s mortgage and general insurance subsidiary Lifetime Insurance Mortgage Experts has joined with 10 UK lenders to set up the Select Lender Partnership providing information in the run-up to M-Day.

The partnership will offer support in all areas of mortgage business to its 2,500 IFA members. The main aim is to provide support and information on new rules and help ease the burden of regulatory changes.

The 10 lenders are First Active, GMAC-RFC, Halifax, Intelligent Finance, Kensington, Mortgages Plc, Northern Rock, Platform Home Loans, Royal Bank of Scotland and Woolwich.

Lenders were approached by Tenet and the selections were made to provide a diverse mix of products for members. Lenders were assessed on their ability to provide good marketing, IT and support systems.

Benefits to members include enhanced procuration fees, sales and marketing support, access to lender material and increased online support. The initiative will be available through Lime&#39s extranet. The first issue offers further information on each of the Select lender partners, products, services and selling points.

Tenet chief executive Simon Hudson says: “This is the latest of many new initiatives developed within an already market-leading mortgage and GI proposition.”

Mortgages Plc sales and marketing director Peter Beaumont says: “Their marketing-focused approach is exactly what we feel is required to succeed as the mortgage market prepares for FSA regulation. We are looking forward to contributing to and sharing in Lime&#39s success.”

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