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Lime sees 133% profit increase

Lifetime Insurance Mortgage Experts, or Lime, Tenet’s mortgage and insurance network has reported a 133 per cent increase in gross profit in their last financial year.

Tenet attributes this increase to the continuing expansion of Lime’s portfolio of services and growing existing members’ businesses to increase both turnover and efficiency.

It says 2006 saw the launch of an overseas and commercial proposition as well as Lime Direct, a bespoke service tailored for directly authorised advisers to give them direct access to the Lime ‘whole of market’ mortgage, life and insurance panels.

Group chief executive Simon Hudson says: “The mortgage sector is receiving increased focus from the regulator, resulting in brokers seeking more effective support. In Lime’s case, we will take much of the regulatory burden away from advisers, allowing them to focus on serving the needs of their clients and are currently one of the fastest growing mortgage networks in the industry. With ongoing consolidation in the market, Lime is able to offer its members and clients peace of mind that it will remain an established name in the industry.”

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