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Network healthcheck guide for ARs from PMN

The Professional Mortgage Network is urging mortgage advisers thinking of becoming ARs to thoroughly check out the credentials of a network prior to becoming a member.

To this end it has launched a network healthcheck guide, which lists thirty questions it thinks an AR should ask a network before signing up to its proposition.

Managing director Dale Knight says: “We have analysed the questions that have been posed to PMN in recent weeks by our AR members. The 30 most commonly asked questions form an excellent template for the wider intermediary community &#45 and if only one mortgage adviser benefits as a result of this exercise, then it will be a job well done as far as PMN is concerned.”


Stop the moaning about stakeholder

I am frankly fed up listening to the same old motley crew of negative, whinging product providers and IFAs knocking Sandler and the simplification of stakeholder products. They are like fat cats guarding their own pots of extra double cream. Unless they have something positive to contribute, they should keep quiet. No one – least […]

Coventry Building Society- Buy-to-Let Fixed Rate

Type: Fixed-rate buy-to-let mortgageFixed term: Until December 31, 2009Fixed rate: 6.25%Minimum loan: £25,001Maximum loan: Up to 85% of valuation subject to a maximum of £300,000Income multiples: Rental income must be at least 130% of mortgage repaymentsConditions: Capital repayments of up to 5% a year allowed without penalty, free valuation, discounted legal fees for remortgagesArrangement fee: […]

Exclusive Connections – 1.7% Discount

Type: Discounted-rate mortgage Discounted term: Three years Discount: 1.7% Payable rate: 4.84% Minimum loan: £15,001 Maximum loan: Up to 95% of valuation subject to a maximum of £999,999 Income multiples: Up to 3.5 times principal income plus second or 2.75 times joint Arrangement fee: None Redemption fee: 3% of amount repaid in first three years […]

DWP calls for advice in workplace where there is no pension

All employees should be given access to advice on pensions if no pension contribution is offered says secretary of state for works and pensions Andrew Smith. Launching a new pensions information pack for employers, Smith said the DWP had launched a pilot with six IFAs offering advice to employees who are not offered a contribution […]


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