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Woolwich and Nationwide increase proc fees through Mortgage 2000

Mortgage 2000 mortgage club is offering higher procuration fees to brokers placing mortgages with Nationwide Building Society and Woolwich bank.

From Nationwide, advisers will receive 0.3 per cent of the mortgage advance, with a minimum payment of £150 on all cases.

They will receive 0.3 per cent of the mortgage advance on standard, Open Plan and buy to let products from Woolwich and 0.5 per cent on their offset products.


Papering over cracks

“The Government is announcing a radical overhaul of pension policy.Ministers acknowledge that the current system is too complex for people tounderstand and has lost legitimacy. Individuals no longer trust financialproviders, feel let down by employers and have lost faith in the state.“Pensioner poverty has not declined under this Government. We recognisethat it is time to […]

&#39Biggest surge since 1980s&#39

Nationwide says 2002 saw the biggest surge in house sales and prices sincethe late 1980s&#39 boom but the society warns of a deterioration this year.It says the belief that low interest rates are here to stay is encouragingpeople to borrow and remortgage. Despite predicting a downturn in Londondue to affordability, Nationwide says overall prices will […]

Scottish Mutual closes WP door

Scottish Mutual has finally closed the door on all with-profits.The news follows the company&#39s decision to offer a modern Sandler-stylesmooth managed fund, as revealed by Money Marketing in October. Parentcompany Abbey National pumped £575m into its life subsidiary last year.However, ScotMut will still accept increments for existing life and pensionwith-profits policyholders and new section 32 […]

They&#39ve got our number on laundering

Since having to obtain identification for most clients since 1994 and foreveryone since September 1, I do wonder how much money laundering andassociated crime our efforts (that is all advisers)has prevented over thelast eight to nine years.I have not seen any statistics, either PIA/FSA or Governmental since, butwe are nevertheless expected to act as unpaid […]

Introducing Trevor Greetham

Ryan Medlock, Investment Proposition Manager, Royal London Royal London Asset Management’s (RLAM) new head of multi-asset is officially up and running. I want to look at what expertise Trevor brings to the table and how this affects the Governed Portfolios (GPs) and Governed Retirement Income Portfolios (GRIPs). Trevor Greetham joined RLAM in April 2015 from […]


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