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Buy-to-let boost from Mortgage Intelligence

Broker club Mortgage Intelligence is creating a commercial lending panel and a development finance scheme for members with clients who want to develop their buy-tolet business.

It plans to unveil the initiative by the end of the month and it is aiming at investors looking to expand their property portfolio but facing difficulties getting sufficient funds from traditional residential lenders such as BM Solutions or Paragon.

The aim is also to create a new revenue stream for brokers wanting to avoid FSA regulation from 2004 as buy-to-let and commercial lending are set to fall outside its remit.

MI is in talks with its parent company Close Brothers to supply funding for the venture which will pay brokers an initial procuration fee of 0.4 per cent and a further 0.2 per cent if clients return to Close for more funding.

The lending panel will include the commercial lending divisions of Royal Bank of Scotland, Bank of Scotland, Nationwide and Norwich & Peterborough.



“Absolutely not. I am an IFA and I find them hard enough. The man in the street will not be capable of using them to the degree that he would need to be able to.” Leon Pownsey,Independent Financial Solutions “No. They do not seem to have worked for stakeholder. People still need advice.” Anthony Malone, […]

Insight Investment Management – UK Dynamic Fund

Monday, 13 January 2003 Type: Oeic Aim: Growth by investing in UK companies Minimum investment: Lump sum £2,000, monthly £100 Investment split: 100% in UK companies Isa link: Yes Pep transfers: Yes Charges: Initial 5.25%, annual 1.5% Commission: Initial 3%, renewal 0.5% Tel: 0845 850 6050

Leeds & Holbeck – 5-Year Access Bond

Friday, 17 January 2003 Type: High interest account Minimum-maximum investment: £1,000-£250,000 Interest rate: 4% gross in years one, two and three, 5% gross in years four and five Term: Five years Withdrawal penalties: No withdrawal permitted during the first year Tel: 0500 225777

HSBC goes for uncertainty factor

HSBC Asset Management has established a guaranteed equity bond that could mature before its six-year term. The capital protected growth plan is linked to the FTSE 100 and provides a full capital return regardless of its performance. Investors could also receive 100 per cent of any growth in the FTSE 100 at the end of […]

The Rubik’s Cube: China’s policy trilemma

By Douglas Turnbull, Investment Director, Head of Chinese Equities China faces a ‘Rubik’s Cube’ policy trilemma, whereby it needs to sustain a minimum acceptable level of growth, deal with issues such as overcapacity and reform the financial system to make it a far more efficient allocator of capital. Given the contradictory nature of these objectives, […]


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