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Buy-to-let brokers confident for 2005

Buy-to-let intermediaries are optimistic about the market going into 2005, according to Mortgage Trust ‘s monthly intermediary forecast.

Sixty nine per cent of respondents expect to write more buy-to-let business in the next three months than they have in the preceding three. Nineteen per cent expect to write the same amount and only twelve per cent expect to write less.

Marketing manager Nicola Severn says: “Lending is always slower in the approach to Christmas and advisers are now looking ahead to spring, and an anticipated increase in business. Growing confidence may also reflect increasing expectations that interest rates may now have reached their peak and be headed downwards.”


MPC holds rates at 4.75 per cent

The Bank of England’s Monetary Policy Committee has held interest rates at 4.75 per cent. TUC Chief Economist Ian Brinkley says: “The Bank was right to stick at 4.75 per cent. There are no inflationary pressures threatening the UK’s economic stability. But industry is still not having a good time. In the past twelve months, […]

Product Matters

Artemis global growth is not a new fund. It waspreviously known as the ABN Amro global growth fund, when it had an appalling track record. However, the fund today looks remarkably different from a little over a year ago. It was taken over by Peter Saacke in December 2003 and has been through various changes. […]

FSA blasts endowment firms over complaint procedures

The FSA has issued a warning to providers about their handling of endowment complaints, which it believes are being rejected too quickly to make case processing appear efficient. It has written to mortgage endowment providers warning them not to use the Financial Ombudsman Service as an alternative to handling complaints properly themselves. It wants firms […]

The fifteen-year itch

By Neil Jones Technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The treatment of non-UK domiciles that are resident in […]


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