Show me the money
The government recently released figures which showed that the average salary of financial and insurance brokers has increased by 17.3% in 2011 to £54,924. In our latest Market Watch, AMI, PTFS and the EMBA Group discuss how brokers could earn more.
I shall not be moved
On Tuesday, Mortgage Solutions exclusive columnist, The Insider, describes what it’s like to deal with a customer begging you not to evict them…for the sixth time.
Fraud on the up
According to Experian, mortgage fraud has surged in the last three months with 49 out of every 10,000 applications uncovered as fraudulent.
Back to business
Lloyds Group will confirm whether Antonio Horta-Osorio will return to work or not within the next 10 days. The chief executive of Lloyds is believed to be ready to return to work, but may have to reapply for his job.
Easy target
Criminals view advisers as an “easy” route to committing mortgage fraud so brokers must stay vigilant and report suspect clients, The Association of Mortgage Intermediaries warned at The Mortgage Event.
RBS downfall
Regulators should be given greater powers to block hostile bank takeovers to avoid a future crisis like the one that forced Royal Bank of Scotland (RBS’s) into a £45bn taxpayer bail-out, the Financial Services Authority (FSA) chairman will say in a report due to be released next week.
…keep enemies closer
On Thursday, speaking at The Mortgage Event, Countrywide’s Nigel Stockton told mortgage brokers that they’ve got to be ready for an increase in competition by the end of 2013 as the Retail Distribution Review (RDR) takes effect.
Barriers to sale
In the latest Mortgage Solutions panel debate, our experts discuss why just 10% of mortgages in the UK are offset loans and whether better product technology would help brokers during the sale.
And finally…top tweets
Bradley Knight
A man visits his bank manager and says, “How do I start a small business?” The manager replies, “Start a large one and wait six months.”
John Pearson
#TMEvent2011 Excellent presentation from WPB on social media, I’m learning to tweet and listen at the same time!
Mortgage_Stu
Dave Cameron. Time will tell whether it’s the right decision, but well done for being decisive. More please…
Queen_UK
Text from Nick Clegg: “David’s been knocked out of Eurovision. Shame. I thought his song was rather good”.
Fraser Nelson
Puzzle: why didn’t Sarko grant Cameron the trivial concession he sought on the City? Is the UK being not-so-softly booted out?
Kay McLellan
Why don’t sharks attack bankers? Professional courtesy. #boomboom
