View more on these topics

Aldermore launches into let-to-buy sector

Aldermore has today launched into the let-to-buy mortgage market.

The lender has launched a product which allows homeowners to remortgage their existing residential property on a buy-to-let basis.

Aldermore has not launched a specific let-to-buy product but allows this option on its existing buy-to-let range while they purchase a new home.

Aldermore managing director of residential mortgages Charles Haresnape says: “Letting out an existing property rather than selling is an attractive option in today’s housing market. With rental yields continuing to rise in most regions, homeowners can benefit from rising rental demand, whilst at the same time being able to take advantage of lower house prices when buying property for their own use.

“We have seen growing demand for this facility and are delighted to extend our lending criteria to accommodate a let-to-buy option. Existing homeowners can remortgage their home using any Aldermore buy-to-let product.”



FSA to consult on asset managers’ term deposits

The FSA plans to launch a consultation later this year into asset managers’ use of term deposits when holding client money. In November, the regulator wrote to asset management houses saying it was “concerned” about the placement of client monies in term deposits. These deposits mean firms have no contractual ability to request the return […]


Axa Wealth sales slump 11% despite Elevate increase

Axa Wealth has reported an 11 per cent slump in sales during 2012 to £3.3bn, down from £3.7bn in 2011, blaming “difficult trading conditions” in the wealth market. The dip in overall sales is partly due to a slump in offshore bond sales, down 27 per cent from £962m to £699m. Axa says this was […]

LibDems float mansion ‘super tax’ plans

The Liberal Democrats are looking at proposing a mansion “super tax” which would see their mansion tax plans extended to hit multiple properties, including second homes and buy-to-let properties worth a total of over £2m. The LibDems have drawn up a taxation policy consultation which proposes extending an annual 1 per cent levy on property […]


Nic Cicutti: Price is not all that matters

Last December I received a letter from my energy provider. I won’t quote verbatim from it, but suffice to say that I was offered a degree of clarity and transparency in respect of my electricity and gas supplies that had never existed hitherto. Instead of the old, confusing system whereby this provider charged two separate […]

Pensions Dashboards around the World

Steve Webb’s latest policy paper British savers risk being left in the ‘slow lane’ unless the UK Government takes a more active role in ensuring the successful delivery of a Pensions Dashboard. The report, ‘Pensions Dashboards around the World’, coincided with a major conference that was held on Monday 16 May and brought together experts […]


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