UK: MORTGAGE NEXT DEAL WITH WOOLWICH & HALIFAX
Article Abstract:
Mortgage Next, the mortgage adviser packager, launched in 1996, has signed an agreement with Woolwich and Halifax offering customers mainstream products along with its sub-prime and niche areas. The company, who introduced mortgages worth some GBu 1.6bn in 2000, predict this figure to increase to GBu 2bn in 2001. Martin Maynard, managing director of Mortgage Next, said that financial advisers will be able to access the core product terms directly through the local processing unit of the lender, with the procurement fee paid within 24 hours, and he said that the company was currently in talks with other mainstream lenders to offer a wider range of products to customers.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: ENDOWMENT CRISIS PROVIDES OPPORTUNITY FOR IFAS
Article Abstract:
A report by NOP for online financial adviser MyNewDeal, found that 58% of endowment mortgage holders, about 4.6mn people, are considering altering the terms of their mortgage or topping up existing endowment mortgages over the next year, with 29% of those surveying saying that they would turn to an IFA for financial advice. This present IFAs with the opportunity to service the needs for current clients as well as gaining new one, according to MyNewDeal managing director, Ian Wilson.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: MORTGAGE BUSINESS GROWTH ENVISAGED
Article Abstract:
UK mortgage business is expected to rise by 5.7%, according to Paragon Mortgages' Financial Adviser Confidence Tracking Index, compared to a 2.7% increase in the second quarter of 2000. The report identified increasing confidence in mortgage business.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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