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L&G wins mortgage protection deal with major independent estate agent

Europe&#39s biggest independently owned estate agency group Spicerhaart has picked Legal & General to handle its mortgage protection business.

Spicerhaart signed the long-term deal with L&G after entering into a short-term arrangement with the insurer in March following Britannic Assurance&#39s withdrawal from the market.

Spicerhaart operates 250 branches of Haart, Spicer McColl, Felicity J Lord, Darlows and Bailys. It will use L&G&#39s Launchpad e-commerce technology for mortgage consultants to process business online. Launchpad allows intermediaries to track the progress of cases online and can give acceptance of mortgage offers in principle in 60 seconds from most lenders.

L&G managing director, retail distribution Duncan Crocker says: “We are delighted to have been invited to extend our relationship with Spicerhaart. Legal & General is now involved in one in every 10 mortgage transactions in the UK so this alliance with the UK&#39s largest independent estate agency network is a natural partnership.”

Spicerhaart chief executive Paul Smith says: “We have chosen to partner with L&G because of its reputation, management team and overall strength in the industry in the UK.”


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Allow me to set the scene. A retired vicar and his wife, both aged 85, move into a Church of England nursing home on full nursing care. They have an existing Standard Life investment bond. They need to make a further share exchange investment in agreement with their accountant who has enduring power of attorney. […]

Crossed lines

The article headlined, IFAs could save £5m on phone bills (Money Marketing, August 21) misreported BT&#39s research. Deloitte & Touche found that BT&#39s business customers would save £144m a year if they switched from the average best rates of BT&#39s competitors to BT Business Plan, which could mean IFAs saving £5.4m. D&T&#39s point was that […]

Societies hit 14-year loan high

Building society gross advances hit £4.2bn in July -the highest figure since August 1988. The figures represent a substantial rise from June&#39s gross advances which totalled £3.94bn and £3.6bn in July last year. Net advances were £1.58bn in July, up from £1.22bn a year ago, while approvals rose to £4.29bn from £3.79bn. Net inflows remain […]

HL set for equity release

Hargreaves Lansdown is entering the equity-release market with a team of three specialist advisers and plans to increase the team rapidly. The IFA believes it is the right time to launch into the market, saying the sector is gaining credibility as more lenders launch products. Hargreaves will initially consider products from all lenders but says […]


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