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Adviser
Community
The Independent Resource for the Financial Adviser Community.
Tenetlime (Formerly LIME)
History and Information
Lifetime Insurance Mortgage Experts (LIME) was launched by The Tenet group which at that
time was the largest UK independently owned IFA group in January 2004. The purpose of
the network is to offer compliance and other support to Mortgage brokers, with an initial aim
of having a panel of around 30 lenders with a target of 3,000 members over the next 2 years,
with free Mortgage Brain and membership of the Association of Mortgage intermediaries.
February 2011
Tenetlime made a pretax loss of £568,505 March 2004
March 2010
Following extensive independent research into what intermediaries want Lime changed it’s name to Tenetlime to reflect the new corporate structure, and used different colours on it’s stationery.
February 2010
Lime made a pretax loss of £408,308, Jon Barham has been appointed as head of sales for LIME. Initially joining LIME in June 2009 as a regional business manager, Jon was previously a partner in a Wiltshire based independent financial advisers.
September 2008
MortgageStream is joined up with Lifetime Insurance Mortgage Experts. The badged system offers a complete client management system to its brokers.
October 2006
LIME announces that it has now over 1,000 brokers using its services. This should not be confused with Appointed Representatives however, with 283 AR’s registered with LIME on the FSA register at 24th march 2009.
May 2006
LIME launches “LIME International” the facility is aimed at helping brokers who are not experienced in overseas mortgages but would like to get into that market. There is also the facility to introduce mortgages through Conti and Blevins Franks Mortgage Services for brokers who would rather not get into overseas mortgages personally.
March 2006
Tenet, the parent company of LIME has launched LIME direct for Directly Authorised Advisers. The package will give its DA’s access to discounted sourcing software, a mortgage and insurance introducer facility and a free technical helpdesk.
November 2005
LIME has established a secured loan offering for its Appointed Representatives with Norton Finance. The deal allows the placing of secured loans through Norton but also offers one to one coaching on secured loans from Norton staff.
October 2004
Lime, along with Home of Choice has opted for Trigold as the sourcing system for its Appointed Representatives. The Trigold system also incorporates Compliance Shield, which will allow remote compliance monitoring functions for the mortgage network.
September 2004
LIME forms an alliance with Exclusive Connections, who were at that time the largest mortgage packager in the market. The service included 17 lenders on its packaged panel with enhanced commission rates on some products.
July 2004
The LIME mortgage network launches a “select lender partnership”. The idea being
to offer its Appointed Representatives increased proc fees and training from lenders
in the select panel. These are The Woolwich, Northern Rock, First Active, GMAC-
June 2004
Tenet, the parent company of LIME has purchased the pure protection network “Premier” for an undisclosed sum. It is planned to run the network alongside LIME, M&E and Interdependence, keeping the Premier brand name.
WARNING
Make sure you get the best deal. Before contacting any Mortgage or Financial Services Network, allow us to provide you with free independent advice on the suitability of a network for your business as well as possible alternatives. Remember a few percentage commission points, a larger range of products or better support can make a huge difference to bottom line profits.