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Base rate pledge on loan for credit-impaired

High Street Home Loans is offering a mortgage for the cre dit-impaired guaranteed not to exceed the base rate by more than 2 per cent.

Premier One is for sale exclusively through IFAs and mortgage brokers and is available for loans up to £1m.

HSHL believes from its own research it is the only provider to offer a mortgage for credit-impaired applicants capped at no more than 2 per cent higher than Bank of Eng land base rates for the term of the loan.

For example, for a purchase or remortgage bor
rower with three county court judgments looking for a 95 per cent loan to value, Premier One currently offers a standard variable rate of 7.69 per cent, 1.69 per cent more than the Bank of England base rate of 6 per cent.

HSHL pays a procuration fee of 0.65 per cent on completion of applications.

Sales and marketing director Gary Forrest says: “Intermediaries are dem anding new and innovative products for the credit-impaired market. We bel ieve Premier One meets these needs.”


Schroders joins Portfolio&#39s fund of funds

Schroders European Fund is to become part of Portfolio Fund Management’s European fund of funds. The £309m Schroders European fund, which is managed by Mark Pignatelli, will become of one of the 11 funds making up Portfolio’s European fund. Portfolio will invest £1.4 million in the Schroders fund.

Even the strong may not survive

There are 13 individual stakeholder pension products in this month&#39s table of stakeholder-friendly pensions. I assume this means the providers are really confident that everyone will just love these new, simple pensions so much they will buy one for themselves, one for the wife or husband and one each for the kids. Raising the maximum […]

The long history of Equitable Life, RIP

1762 Equitable Life is foun ded as the world&#39s first mutual society. 1957 Equitable offers its first guaranteed ann uity pension. Mid-1980s Equitable makes a virtue of the fact that its salesforce is not paid by commission, unlike IFAs, in its advertising. Late 1980s and early 1990s The changing interest rate environment means thousands more […]

Torquil Clark sets up dealing service

Torquil Clark&#39s TQ fund supermarket is launching a unit trust, Oeic funds and Pep transfer dealing service from this week. Investors can choose from over 400 funds off ered by 27 fund managers at discounted prices either online or offline. The new service follows the launch of TQ fund sup ermarket&#39s Isa dealing service in […]

Introducing Trevor Greetham

Ryan Medlock, Investment Proposition Manager, Royal London Royal London Asset Management’s (RLAM) new head of multi-asset is officially up and running. I want to look at what expertise Trevor brings to the table and how this affects the Governed Portfolios (GPs) and Governed Retirement Income Portfolios (GRIPs). Trevor Greetham joined RLAM in April 2015 from […]


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