View more on these topics

Abbey brings back range of flexible mortgages

Abbey is reintroducing its flexible plus mortgage range after having to suspend the products in the run-up to M-Day.

The four basic products within the range start at a 4.24 per cent variable rate tracker reverting to base rate plus 0.75 per cent.

The products were taken off the market as the changes required for mortgage regulation were too far-reaching for the company.

Abbey says it focused its efforts on its core mortgage range to ensure that intermediaries could access accurate KFIs.

Abbey says it had always planned to issue a restricted loan range after October 31 and phase in the rest of the plans.

Media relations manager Christine McAllister says: “I think the short delay in making flexible mortgages available after M-Day underlines our commitment to our intermediaries with compliant and accurate KFIs.”

Mortgageforce managing director Rob Clifford says: “We analysed take-up on general mortgages eight months ago and had a staggering 25 per cent of flexible mortgage cases going through Abbey.

“Given Abbey’s brand and range of products, it is inev-itable that we welcome them back but in an overcrowded market, we would have been able to go elsewhere.”


Financial firms are failing on fairness

Financial services companies are failing to meet the FSA’s requirements for Treating Customers Fairly according to the latest research from consultancy PricewaterhouseCoopers.

Fifth fall for property prices

House prices have fallen for the fifth time in a row, says Hometrack’s survey for November. Prices fell by 0.6 per cent for the second consecutive month. Registered buyers fell by 6.1 per cent.

Finding value in UK equities

By Mark Martin, Investment Director & Head of UK Equities Register for a live update on 9 July at 14.30 with Mark Martin, who will be discussing Chancellor George Osborne’s ‘emergency’ summer budget, the UK equity landscape post May’s General Election and his outlook for the second half of 2015. Mark will also highlight the […]


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