View more on these topics

BM Solutions extends near-prime rage

BM Solutions has introduced a near-prime range for borrowers with up to £500 of county court judgments.
Rates begin at 5.15 per cent and it adds a new category to BM’s range which also include bands for borrowers with £1,500 and £3,500 of CCJs.

Products in the near prime 500 range include a tracker at base rate plus 0.4 per cent for two years then base rate plus 2.29 per cent for life.

The deal includes a free valuation plus £250 cashback. The product is available up to 75 per cent loan to value.

The range follows BM Solutions’ recent announcement that it will now pay brokers a full procuration fee for retaining business, as its fellow HBOS brand Halifax has done.

Head of sales and marketing Chris Pearson says: “With this move, we are now providing products for customers with a light bump or scrape on their credit records through to those with more significant adverse. We want to continue to lead the market in product and service innovation. Our recent announcement that we will pay brokers full procuration fees for product transfers has received a fantastic response.”

Recommended

Pru targets churners

Prudential is looking to actively engage advisers it has identified as carrying out unusually high levels of transfer business in a move it hopes will encourage best practice in the industry. Pru says its campaign has the backing of Aifa and the Personal Finance Society and is a rallying cry to the industry to improve […]

Baillie Gifford appoints high yield bond fund manager

Baillie Gifford has appointed Ben Thompson as co-fund manager of its high yield bond fund.Thompson previously worked in the US and European equity departments of Baillie Gifford and will manage the portfolio alongside current fund manager Ken Barker.The double ‘A’ rated fund has five stars from Standard & Poor’s and ranks in the top decile […]

‘Govt wrong to pose as moral custodian’

The Government has a “moral log” in its eye over long-term savings, claims Conservative MP John Redwood. He says the Government claims to be the moral custodian for helping people to invest for the long term but, by promoting premium bonds and the National Lottery, it is encouraging the public to be reckless with their […]

Tories plan consumer disclaimer

The Tories are floating plans to introduce a consumer disclaimer in the advice process for some products. At a meeting with the IFA Defence Union, Tory MP John Redwood said the idea was part of the “radical” agenda of his economic competitiveness group to reduce unnecessary regulation and help advisers. He said advisers should be […]

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