The Right Mortgage and Protection Network has announced a full revamp of its Consumer Duty hub ahead of the new rules implementation on 31 July. The firm has added new resources and support, including sales aids and pre-approved marketing templates which can be downloaded and personalised for a firm’s brand colours, logos and contact details. Documentation recently added includes a welcome pack for clients with a new terms of business, an insurance declaration form and a one-page product guides. The Consumer Duty hub is split into four aspects covering resources on the relationships between firms and their clients. These are products and services, price and value, consumer understanding and consumer support.

MPowered Mortgages has reduced its mortgage rates for the second time in a week, with its three-year fixed rate residential mortgage being reduced by up to 0.45%. The mortgage provider recently cut its two-year range by up to 0.36%. Rates on its three-year fixed mortgages with a £1,999 arrangement fee now start at 5.79%, having previously been at 6.24%. At a £999 arrangement fee, rates are now at 5.94% from 6.34%, with three-year fixed mortgages through purchase applications sitting at 5.84%. Chief executive officer of MPowered Mortgages, Stuart Cheetham, said: “Swap rates have dropped substantially in the last 10 days. We are therefore taking the opportunity to reduce another fixed rate range, pass the benefit of improving swap rates to borrowers. Whilst we hope this is good news for borrowers, it’s still a very challenging time to be a mortgage holder or buy a home, so we would urge borrowers to speak to a financial adviser before making any decisions about a mortgage.

Just Mortgages has announced that it has received 52 applications from brokers in Q2 to join its self-employed division. Applicants included existing self-employed brokers, as well as some from more corporate organisations and employed brokers looking to capitalise on the opportunity to run their own business. The firm welcomed 48 self-employed brokers in Q1 as the looks to hit 500 brokers in its roster. Just Mortgages provides a platform for self-employed brokers to work for themselves, as well those in their employed division. The self-employed brokers have access to ongoing mentoring, training and both marketing and compliance support. Head of mortgages and protection at Just Mortgages, Ben Allkins, said: “It’s certainly not an easy climate to be a self-employed broker. However, we can be encouraged that even with challenges in the wider market, the proposition we offer is proving incredibly desirable. It goes far beyond a place to put your name above the door, providing brokers with the launching pad to write more business, increase their skillset and expand their teams through our business principals programme.”

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