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BoS and TMB raise LTVs to 90%

HBOS pair Bank of Scotland and The Mortgage Business have increased their loan-to-value ratios to 90 per cent on a number of products.

BoS now allows up to 90 per cent LTV on its self-cert products, while TMB has boosted its house-to-house and self-cert products to allow 90 per cent compared with 85 per cent previously.

TMB says the move will provide more flexibility and choice for packagers. Its H2H is a niche market which attracts high-net-worth borrowers with an average income of more than £50,000 and who are looking for capital appreciation as opposed to a high rental yield.

TMB managing director Nigel Payne says: “We have listened to what packagers and brokers have been saying to us and responded. TMB is committed to its intermediaries and strives to tailor its products to suit their needs.”

BoS Intermediaries head of sales John Lloyd says: “Mortgage intermediaries have been asking us to launch 90 per cent self-cert products in order to challenge a part of the market, which has until recently been inhabited by a relatively small number of players.”


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In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.


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