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Mortgage Trust pays renewal on flexible loans

Mortgage Trust is paying out its first renewal commissions to brokers which last year completed over £1m of business on its two flexible mortgage products, the Early Payment Plus and the Current Account Mortgage.

Brokers have to be members of Mortgage Trust&#39s Millionaires Club, which supports IFAs which sell mortgages in volume. They will get 0.1 per cent of the mortgage business completed.

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Shares in Sedgwick Group rose by 5p to 146p as the firm posted a 6 per cent increase in pre-tax profits for 1997. Pre-tax profits grew to £101.2m from £95.5m in 1996 but the strength of sterling hit the figures by £10.2m.

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