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Simon Tyler to launch mass market mortgage intermediary

Chase de Vere Mortgage Management owner and managing director Simon Tyler has announced plans to launch a new mass market mortgage intermediary business.

He believes there is a significant new customer base emerging of mid-market borrowers across the UK who value the service of an intermediary but want a simpler service with rapid execution.

The new business will operate on a national basis and will offer customers a fee free service with rapid decision making based on a simpler product proposition. It will be run by Mark Chilton who established Savills Private Finance, along with a team of industry experts, and will operate a telephone based advisory service from a new call centre on the south coast.

Tyler says: “For some time, the mortgage broking market has been polarising between fee charging and non-fee charging business models. I feel that this trend will be accelerated by the FSA&#39s regulation of mortgage distribution and the desire of lenders to see the market consolidate. As a result, and in common with other industries, it is desirable for business owners to diversify their distribution strategy across more than one section of the market.

“We are excited about this new proposition and more details of the new business will be released soon by the management team.”


Positive Solutions to stay outside new group

Newcastle-based national IFA Positive Solutions will not be incorporated into Aegon UK&#39s Origen cluster of advisers but its relationship with Aegon remains amicable. Aegon, which has a 60 per cent majority stake in Positive Solutions, decided to exclude it from the shake-up as it says its style would be unsuitable for this type of programme. […]

FOS staff bonus scheme does not inspire confidence

I am sure we all read with amazement your report on April 15 that the Financial Ombudsman Scheme pays its staff a bonus as part of their remuneration package, and that many of the 600 adjudicators come from a financial services background and are, therefore, used to the idea of targets. It would be of […]

Witan axes benchmark in major allocation switch

Giant investment trust Witan plans to scrap its current benchmark and replace it with a radically altered strategic allocation when it switches to an open architecture structure later this year. The new allocation, which will replace the current 60 per cent FTSE All-Share and 40 per cent FTSE World excluding UK index benchmark, will form […]

Positive steps

Traditionally, when a protection provider receives a valid life insurance claim, they pay a cash benefit to the family of the deceased. The aim is to help to solve any financial problems caused by the death. But cash is usually all that the cover provides. Critical-illness products pay a cash amount to help solve any […]

Inheritance Tax, a tax on the wealthy? Urban myth or fact?

By Kim Jarvis, Technical Manager with Canada Life’s ican Technical Services Team. Inheritance tax has been around in some form since 1796. Estate duty dates back to 1894 and over the years this tax has evolved into the inheritance tax (IHT) we know and love today, which was introduced in 1986 as a replacement for […]


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