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Mortgage Next backs ARs and authorised brokers

Mortgage Next will be offering support both to directly authorised brokers and to those who opt for appointed representative status under mortgage regulation next October.

It will feature a menu of services, including compliance, training, product sourcing, marketing and auditing to brokers who become directly regulated.

ARs will get full regulatory support, access to a panel of mortgage lenders, a source for related products such as general insurance, commercial and secured personal loans, provision of professional indemnity insurance and training and marketing support.

Managing director Martin Maynard says: “The services we will offer are not a pipedream, they are in place now. We have contracts agreed with suppliers, compliance expertise on board and the support of some of the UK&#39s leading lenders. We are launching our new service propositions from a position of great strength and we look forward to talking to mortgage brokers about the ways in which we can help them in the future.”


GMAC Star shines wider

GMAC Residential Funding has widened the range of its Star product to cover all sectors – buy to let, mainstream and non-conforming.The product does not require income details and attracts self-cert borrowers.In the first six months of this year, GMAC saw a 69 per cent rise on last year and believes this is largely due […]

New manager for ISIS Pacific Growth Fund

ISIS Asset Management have appointed Mark Williams as the lead manager on its Pacific Growth Fund.The fund is the company&#39s retail Asia ex Japan OEIC sub-fund and was enlarged in August through the integration of four existing retail funds FP Pacific Basin, FP Asian Equity, ISIS Pacific Growth and ISIS Far East.Williams&#39 appointment follows the […]

Equitable report is put back again

Questions surrounding the demise of Equitable Life will remain unanswered for longer following further delays in the release of the Penrose report.Inquiry secretary Hugh Burns says the report will be ready “very soon” but will not be finalised by the end of summer as was announced last November. He says the report is being finalised, […]

MCCB finds protection gap on loans

The Mortgage Code Compliance Board has highlighted a gap in consumer protection if the Financial Ombudsman Service is not authorised to rule on complaints relating to mortgages purchased before FSA regulation starts next October.Chairman Colin Harris says the current position is that, post-regulation, consumers with mortgage complaints will be able to turn to the FOS. […]


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