View more on these topics

ZAN picks sub-prime lender

Zurich Advice Network is entering the sub-prime market by appointing Enterprise Homeloans to its mortgage lending panel.

Enterprise Homeloans, a trading arm of Enterprise Broker Services will be ZAN&#39s exclusive packager of sub-prime mortgages. Enterprise will place and package schemes for ZAN using its own specialists lender panel consisting of GMAC Residential Funding, Kensington, igroup, Platform, Preferred and SPML.

ZAN says the move follows calls from advisers for more specialist access to this market as they are getting more enquiries that do not meet the usual lending criteria.

Recent research by BM Solutions shows that intermediaries expect the sub-prime market to be the biggest growth area this quarter. Its predictions for the growth of sub-prime business in the next quarter average 4.9 per cent compared with 4.3 per cent for self-certification, 2.4 per cent for mainstream and 2.1 per cent for buy to let.

Zurich mortgage franchise director Richard Coulson says: “Having reviewed the market, I am confident that Enterprise is the right choice of provider. They will enable fast and competitive access to a wider range of client solutions than Zurich advisers have ever had before.”

Enterprise managing director Michael Clapper says: “We are delighted to have been given this opportunity to work with ZAN and intend to deliver an outstanding service to all Zurich advisers.”


Taxation of policyholders of UK policies

Tucked away in Inland Revenue Press Release REV BN 25 which deals with the taxation of Life Insurance Companies is the following statement: “The Government is also making changes to the rate of corporation tax on the policy holders&#39 share of a life company&#39s profits. The rate of tax on all policy holders&#39 income and […]

Correspondents week

Let&#39s face it, it&#39s never that good to bump into an ex-girlfriend but when it is 7am on a miserable Sunday morning in Gatwick airport and she is flying out for a week&#39s skiing in perfect snow in Val d&#39Isere and I&#39m facing a 10-hour flight to Texas on business, that is really rubbing it […]

Debate the Live issues

Money Marketing is offering IFAs a unique opportunity to grill the industry&#39s regulators and take part in a lively debate over the future of financial services regulation. With 18 consultations affecting IFAs and a myriad of regulation changes facing the industry, this is your chance to get the lowdown from the decision-makers and key protagonists […]


Two main areas affected by the Budget statement are as follows: 1. Charitable Trusts Investing in Life Assurance This is a major change announced in the Budget Note BN24 &#45 Life Policyholder Taxation (see also section 7 of this Bulletin). With effect from 9 April 2003 trustees of charitable trusts will not have to pay […]

It’s too soon to write Apple off

By Ali Unwin, Chief Technology Officer & Fund Manager at Neptune Earnings season is noisy in the technology sector and a good quarter does not make a good investment. Numbers that come in marginally ahead or behind ‘market expectations’ are extrapolated to produce narratives showing the rise or fall of companies. Our job as technology […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm