Specialist lender Britannic Money is expanding the distribution of its sub-prime current account mortgage product launched in July by increasing the number of packagers it deals with. Its Restart Homeloan product for borrowers with credit difficulties is now available through packagers Majestic, Mortgage Times and Saracen in addition to the three packagers on-board at launch, All Types of Mortgages, National Guarantee and Solent.
You report that Ron Sandler has attacked the failure of the financial services industry to motivate savers.I agree with his views. What really has been done by the industry in recent years to promote the real benefits of saving, and, even more importantly, the benefits of life and critical-illness protection to the general public?Yes, there […]
Legal & General has cut payouts on with-profits policies by average 9.5 per cent for pensions and 7.5 per cent for other life policies.The company blames significant falls in world equity markets for the move but reasserts the AAA rating that Standard & Poors has given its fund. Annual bonuses remain unchanged.
Self-employed people buy houses nearly a third more expensive than the average, says UCB Home Loans.The average house purchase price for self-certification loan is £152,000 while the average is £111,000.UCB Home Loans' first self-employed report, published this month, reveals that London tops the regional league, with self-employed people paying around £211,000 for a property while […]
Angry mortgage lenders are warning that the EU consumer credit directive is fatally flawed and could kill off the blossoming flexible mortgage market.The Council of Mortgage Lenders welcomed the Treasury's regulatory regime for mortgages announced last week but has slammed the EU credit plan, which is on its way to becoming European law. The CML […]
Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review In February, the House of Commons passed a draft law to trigger article 50 of the Lisbon treaty for the UK to exit the EU. In corporate news, Warren Buffett backed Kraft Heinz in its takeover […]
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The rise in IHT takings has prompted complaints around the new residence nil rate band’s impact
The Association of Investment Companies will not be hosting the new key information documents on its website saying to do so would be irresponsible. Since 1 January, Priips legislation has meant advisers have to publish a stand-alone, standardised KID to their client including performance scenarios, risks, and the total cost of products. However, trade bodies […]
The Financial Services Compensation Scheme has paid out £5.7m so far to nearly 800 customers of collapsed discretionary fund manager Strand Capital. The payments were made to 796 investors over the past two weeks. The payments related to client cash only. The compensation was paid directly into customers’ self-invested personal pensions. An administrator’s report published in […]