Charcol is offering an initial fixed rate of 2.25 per cent on its federal reserve tracker mortgage until the end of March. The loan is a fix and track mortgage based on the lower US short term interest rates.
The Government has launched a new house price index in a bid to end confusion over the state of the housing market but a month behind other surveys.The index is based on data from around 50 mortgage lenders and reflects house prices at completion in contrast with the Nationwide and Halifax indices which reflect approval […]
Paragon has announced extensive restructuring at Britannic Money, renamed Mortgage Trust. It will be combining duplicated functions at the Group's head office in Solihull for all but the staff involved in new business originations. This will mean up to 160 redundancies in Epsom over the next three months. Paragon anticipates 70 new positions in Solihull, […]
CHEVIOT CAPITAL CF CHEVIOT MANAGED Type: Unit trust Aim: Growth by investing in UK and international equities fixed interest and cash Minimum investment: Lump sum £5,000 Investment split: 85% equities, 10% fixed interest, 5% cash Isa link: Yes Pep transfers: Yes Charges: Initial 5%, annual 1.5% Commission: Initial 3%, renewal 0.5% Tel: 020 7566 4040 […]
Peter Le Beau has joined the newly launched Special Risks Bureau as a non-executive director. Le Beau has more than 30 years experience in the UK protection industry, beginning his career at the Commercial Union. More recently he has run his own consultancy Le Beau Visage. The bureau has been established to deal with the […]
By Denise Wond, marketing manager The buy-to-let market has recently been the subject of a raft of tax changes, all of which make it a less profitable and less appealing proposition for investors. In response, we’ve seen a dip in demand for BTL mortgages and that’s bad news for many advisers who will now be looking […]
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Justin Modray says the RDR will make little difference in the way most advisers are paid.
M&G is merging its Global Leaders fund into the Global Themes fund in the wake of a review resulting from fund manager Aled Smith’s decision to step down. The proposed merger has been approved by the regulator but is still subject to approval from shareholders. The Global Themes fund will continue to be managed by […]
Face-to-face advice still holds a firm place in serving clients, despite an increasing demand for mobile and remote services in adviser practices. Research from consolidator Fairstone from November shows there has been a 10 per cent decrease in the use of face-to-face financial advisers over the past seven years. However, advisers speaking to Money Marketing […]