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Britannic Money expands distribution of sub-prime current account mortgage

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.

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Promoting the value of saving

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 […]

L&G cuts payouts on with-profits

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.

&#39Teps good value even if bonuses are slashed&#39

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&#39 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 […]

Flexibility under fire

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&#39s 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 […]

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