View more on these topics

100% and self-cert loans by non-conformist C&G

Cheltenham & Gloucester is launching into the non-conforming lending

market for the first time.

The UK&#39s third-biggest lender is set to offer self-certification mortgages

through IFAs and its branch network for a three-month pilot trial, after

which it has pledged to “take a closer look at what customers want”.

At present, the only mainstream lenders to have delved into the

non-standard sector under their own brand are Bristol & West and Chelsea

Building Society.

C&G is offering two mortgages – one for customers who want to borrow up to

100 per cent loan to value and a self-certification loan for self-employed

borrowers who can find it difficult to prove their income.

Both mortgages are fixed for two years at 7.49 per cent. After the fixed

term, borrowers can switch to C&G&#39s mainstream product range.

Sales director Nick Hale says: “Our toe in the water approach enables us

to monitor this sector of the market and ensure that good quality

applicants requiring a non-standard approach receive it at C&G.”

London & Country mortgage specialist David Hollingworth says: “This is an

extension of C&G&#39s product range which allows them to push further into

different markets.”


A&L ads emphasise need for questions

Alliance & Leicester says it is putting the consumer back into the bankingequation with a TV marketing campaign. The ads, which have the strapline, Making questions count, stresses theimportance of asking questions. Working with online customer servicedeveloper Q-go, the ads are targeted towards users of A&L&#39s online bankingservice. Q-go says one of the major issues […]

House prices rocket

UK house prices rocketed by almost 10 per cent in the year to June, according to the monthly Halifax house price index.The average cost of a house now stands at £92,122 after house price inflation leapt to 9.7 per cent from 7.3 per cent in May — the biggest rise since this time last year.Halifax […]

David Marlow

I say tosh to all those who think execution-only services cannot work.Focused advice or, in compliance speak, limited advice, where a client doesnot receive advice on financial needs and objectives but instead receivesadvice on one specific aspect or area of need, is another of the issueswhich seems to provoke opposing views. Personally, I think there […]

INSIDE EDGE by John Cowan

A week is said to be a long time in politics. But nothing quite preparesyou for the news blackout that is two weeks in the Cuban sunshine. Granma, the Cuban government newssheet, emerges when paper supply permits,usually with rivetting pieces on Bulgarian fish prices and the latestAmerican outrage. The UK general election did not rate […]


What employers should expect over the next five years

A major feature of our articles is looking into the Jelf Employee Benefits crystal ball to predict changes and trends that may influence the short and medium term shape of UK employee benefits.  By flagging such changes early we aim to provide our followers with the tools to make sensible and informed decisions on their benefits offerings.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm