As of today, Cardiff-based NGM is rolling out its added value proposition – which features 18 components – to brokers and IFAs throughout the UK who have declared an intention to become Principals.
There will be no formal upfront charges to those intermediaries keen to sign-up to the NGM service. All that is required is a commitment from Principals that they will submit two specialist mortgage cases via NGM every calendar month.
Key features of the NGM Principal offering include:
- Comprehensive compliance support: this includes the provision of an exclusive member manual, ongoing file checking and access to our 24-hour member helpdesk.
- Access to a comprehensive packaged and direct lending panels: ensuring the residential mortgage, secured loan, commercial mortgage and bridging finance needs of clients are catered for.
- Full procuration fees paid: members can look forward to receiving the full procuration fee once their case has completed successfully – and that’s guaranteed.
- Ongoing training and competency support: our alliance with Competent Adviser and the provision of our exclusive member training and competency manual.
- Regular communications: members will be kept abreast of all market developments, regardless of whether they are product or regulatory-based, via email bulletins and a rolling series of printed fact sheets.
Other components include an annual audit; the provision of free mortgage sourcing software; marketing support (including advertising sign-off); local business development support; and access to our general insurance and life assurance panels and our new business helpdesk.
“Our intention all along is to offer a robust and user-friendly service that adds value to the member. We put time, effort and resource behind this proposition in order to be able to bring a strong proposition to the market. That’s why we have not been among the first companies to show our hand to Principals,” commented Sian Markham, NGM’s director of operations.
“Our goal is not to be the biggest provider of services to Principals – it is simply to be regarded as one of the best.”
Commenting about the number of Principal members she would like to see join NGM, Sian Markham added: “We want to appeal to a distinct group of people, namely those mortgage professionals who take their job seriously and therefore set high standards.
“Initially, we will be looking to recruit just 150 Principal members between now and M-Day. However, if our Principal offering is as well received as we believe it will be then I’m confident that this goal can be achieved well before 31 October.”
