View more on these topics

Backing for CML proposals

Mortgage broker MX Moneyextra Mortgages has welcomed the Council of Mortgage Lenders&#39 initiative to keep the level of house repossessions low.

The company warns there will be more repossessions if interest rates rise to 6 per cent or 7 per cent. It suggest that the most practical app-roach for homeowners would be to consider how manageable their repayments would be if interest rates were increased to 10 per cent.

Head of contact centres Vicky Hodgson says: “Individuals should be advised to take responsibility when taking out a mortgage product and not just think they will be fine.

“We urge all our clients to look into suitable protection – it is a security net that can save you if you do fall into trouble. The cost is a small price to pay in the long run against the risk of losing your biggest asset – your home.”

Recommended

Sway recruits Cockerill for top 200 IFAs study

Sway Consulting has recruited former Chartwell Asset Management investment manager Tim Cockerill as consultant on its Senate Programme conference brand. Cockerill will help develop Sway&#39s Senate Programme awards, which launch this year. The awards aim to draw upon the investment opinions of the UK&#39s top 200 investment IFAs. Sway will publish a study of the […]

Equity content capped at 60 per cent

The equity-based product in the Sandler suite of products will have a maximum exposure to equities of 60 per cent with further requirements to be diversified across a range of companies, markets and sectors. The Treasury consultation on the products published today also sets out that the equity products will be able to take the […]

Noble tops up Enterprise

Noble Fund Managers is raising up to £1.5m to top up its enterprise venture capital trust. The trust was established in 1996 and has raised £20.6m to date, which has been invested in 45 unquoted companies. The directors of the VCT believe there will be enough interest from investors for a further share issue, which […]

Has regulation brought any benefits?

The 1986 Financial Services Act introduced a regime of investor protection the like that had never been seen before. It brought peace of mind to every UK investor that they would never again have to worry about being mislead,misadvised or missold an investment as the industry would be cleansed of all its undesirables and allowed […]

Brexit Commentary from Natixis Global Asset Management

By David F Lafferty, CFA, SVP – Chief Market Strategist Thursday’s historic Leave vote in the UK will have both immediate and long-term consequences for the global economy and financial markets. The initial flight-to-quality reaction across asset classes has been exacerbated by the market’s misplaced confidence in a Remain victory leading up to the vote. Stock markets […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com