View more on these topics

Abbey introduces fast-track service

Abbey for Intermediaries has introduced a fast track process for low risk customers borrowing less than 60 per cent LTV and less than £500,000.

The deal applies to both employed and self-employed borrowers and is part of a new flexible lending policy based on affordability.

Abbey says the changes have been made in line with the new FSA mortgage guidelines and in anticipation of future trends.

Employed borrowers with clean credit records have to submit no documentation up to 60 per cent LTV and just a payslip over that amount.

Abbey for Intermediaries director Ambrose McGinn says the new policy makes it faster and easier for the majority of people whose applications are straightforward, while still accommodating clients with more complex applications.


Boomers&#39 moves may cause havoc for FTBs

Baby boomers who hope to use their homes to form part of their pension by downsizing could unleash housing havoc on the market, according to Prudential. Its report, entitled, Equity Release in the UK, suggests that four million homeowners are relying on property to boost their retirement income which is predicted to suffer a shortfall […]

Cover Story

Watching the market from a distance to understanding the dyn-amics better, it seems obvious that there should be improved cover for certain classes of business. If we look at the current market, it is important to understand what the drivers are. Premiums are on the increase and cover is becoming scarcer and in many cases […]

Torys reshuffle policy role

An Opposition reshuffle this week sees David Willetts lose his role as policy co-ordinator for the Conservatives, focusing solely on his responsibilities as Shadow Work and Pensions Secretary. David Cameron is the new head of policy co-ordination.

Mortgage firms hit back as King crashes in

The mortgage industry has hit back at Bank of England governor Mervyn King&#39s warning that house prices could fall, arguing that it could spark a crash when there was little danger of one before. Lenders and brokers say King does not need to “scare the living daylights out of people” by firing a warning to […]

The savvy consumer

In last year’s FCA thematic review of the mortgage market, one of the key things highlighted was the “savvy consumer”. That’s the client who comes in the door with a very clear idea of what they need and expect you to get them it. They don’t think they need advice, they have after all consulted […]


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