View more on these topics

Advisers&#39 confidence in mortgage market at five-year low

Financial advisers&#39 confidence in the mortgage market has hit a five-year low.

The Fact index, which measures advisers&#39 confidence in the mortgage market

fell to 99 in the first quarter of 2000 compared with 113.1 in the first

quarter of 1999 and 113.9 in Q1 1998.

The quarterly report by Paragon Mortgages also reveals that a property

shortage is the main reason for the sharp rise in house prices.

The market share of endowment mortgages is continuing to fall and is at 17

per cent of mortgages sold in the last six months. Repayment mortgages now

account for half the market. Discount mortgages have gained in popularity

against fixed and capped products.

The survey is designed to track the confidence of the mortgage industry as

reflected in the attitudes of financial advisers, brokers and other

professionals in the business.

Paragon Mortgages managing director John Heron says “For financial

intermediaries to be despondent about the second quarter shows there is no

real activity in the housing market.

“House prices are being driven upward by the lack of property for sale.”


Widows houses concert for Edinburgh Festival

Scottish Widows is converting its Morrison Street build ing into a venuefor a Music for the Millennium concert as part of this year&#39s EdinburghFestival.The atrium of its building, which features 1,200 square metres ofglass-roofed space, is to house the BBC Scottish Symphony Orchestra.The building is being che-cked to ensure the acoustics will be up tostandard […]

Friendly society bond for cautious investors

Scottish Legal Life Assurance Society is offering a second unit-linkedguaranteed investment bond for cautious investors.Scotland&#39s biggest friendly society is offering a “cast-iron” guaranteethat at least the initial capital invested in the bond on the fifthanniversary of the policy will be returned.Minimum investment in the bond is £3,000.Investments of more than £5,000 made bef ore April […]

I just can&#39t figure out actuaries

The letter from Mr Paul Tyler, regarding pension transfers, suggests alittle naivete.Surely, as only fully qualified actuaries are able to calculate transfervalues for deferred pension benefits, they must always be right, mustn&#39tthey?After all, they do represent the cash equivalent of the “deferredbenefits” don&#39t they?That is probably why the transfer value can always immediately buy anannuity […]

Egg could float as early as summer

Prudential&#39s online operation Egg is insisting it will float in the near future, despite recent volatility in the technology sector.Last February, the company announced plans to float around 25 per cent of its equity, but failed to confirm a date, and has still to do so.But chief executive Mike Harris says that the venture could […]

Benefits of using a probate bare trust

Have you ever wondered what happens to someone’s investment bond on their death if it is not written in trust? When someone dies it is essential to deal with their estate, which can be made up of their home, belongings, investment bonds and anything else they may have owned. But, it is not as simple […]


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