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BM Solutions launches two-year tracker and increases LTVs

BM Solutions is to introduce a new two-year buy-to-let tracker and increase the loan-to-values on two of its three-year fixed rate mortgages.

The tracker has a rate of 4.75 per cent, when customers take BM Conveyancing, and is available up to 75 per cent LTV.

BM is also increasing the LTVs on two three-year fixed rate mortgages from 60 per cent to 75 per cent.

The lender will also add £500 cash back to some of its trackers.



Advisers will need annual certificate

Retail investment advisers will need a statement of professional standing in order to give independent or restricted advice from January 2013. In its final rules on professionalism, published last week, the FSA says the SPS will provide customers with evidence that the adviser subscribes to a code of ethics, is qualified, and has kept their […]


Advice under RDR too costly for banks

It will not be financially viable for banks to offer advice to the mass market under the RDR, according to research by Ernst & Young. E&Y has compiled a paper on the impact of the RDR, which is due to be published next week. It says banks would have to charge £200 an hour for […]


FSA considers new specialist qualification for advisers

The FSA believes there is scope for advisers to have specialist qualifications where they are advising on non-mainstream products. In its discussion paper on product intervention published today, the FSA says it could introduce a requirement for a specialist qualification and limit advisers qualified to a minimum level to advising solely on more mainstream products. […]


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