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Next caters for principal seekers

Next Generation Mortgages is set to cater for intermediaries seeking direct authorisation.

NGM is hoping to sign up 150 brokers and IFAs with a desire to become principals to its proposition which will feature 18 components.

Intermediaries keen to sign up to NGM will be required to submit two specialist mortgage cases via the lender every month.


Pru launches DB protection scheme

The Prudential has launched a new platinum protection pension scheme aimed at protecting final salary or defined benefit of pensions of employees transferring under the TUPE agreements from the public to the private sector. The scheme aims to protect people who have been members of a public sector scheme. It provides certified benefits similar to […]

&#39Networks face VAT bill rather than members&#39

Networks and not their members will be facing liability for Vat bills on member charges, according to a senior tax expert at accountancy firm Deloitte & Touche. Deloitte & Touche partner Robin Hume says the position could all boil down to the contracts negotiated between networks and their members. He believes the majority will not […]

Heritable takes a chance

HERITABLE BANK Self-Cert Three-Year Fixed Type: Fixed-rate self-certification mortgage Fixed term: Until March 1, 2007 Fixed rate: 5.99% Minimum loan:£25,001 Maximum loan: Up to 75% of valuation subject to a maximum of £400,000, up to 70% of valuation subject to a maximum of £500,000 Income multiples: Based on affordability calculation and credit score Arrangement fee: […]

Pru takes a lead role in Sesame multi-tie plans

Prudential has been called in from the cold by mega-network Sesame which has abandoned threats made last year to drop the firm from its multi-tie plans and instead says it is the first player to have a place on its panel. Pru has also been appointed to work on the design and delivery of Sesame&#39s […]


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