View more on these topics

Future Mortgages cuts LTV to 80% on prime

Future Mortgages has confirmed it has cut its loan to value to a maximum of 80 per cent on its prime, near prime and light products.

Medium products have been reduced to a max LTV of 70 per cent, with heavy products reduced to a max LTV of 60 per cent.

The changes come into effect from close of business today.

Future says that as servicing is key, it is essential to protect their proposition and as such are proactively managing the existing process pipeline through whilst simultaneously servicing new business.

Future will honour any pipeline business where KFI’s have been issued and where a valid online Decision In Principle has been submitted up to and including Monday 7th April 2008.

The closing date for receipt of fully packaged business will be Friday 9th May 2008.

The lender says: “We see these actions as prudent and a strong indication of our desire to retain a market position in chosen sectors whilst simultaneously maintaining our servicing proposition in these challenging times. “


Fund sales recover from outflows

Fund sales took an upturn in February after massive outflows in January but were still less than a third of business in February 2007.Figures from the Investment Management Association reveal net retail sales of £309m in February showing a recovery from an outflow of £534m in January.The specialist sector saw the biggest net retail inflows […]

CAR is the driving force for the future

Friends Provident’s withdrawal from the intermediary market is no recent development – it has been happening gradually for years, starting with the unilateral stakeholder-isation of all personal pensions written by its once supporting IFAs throughout the 1990s.

Cooke and Ferneyhough back with internet venture

Premier Partnerships founders Michael Cooke and Darren Ferneyhough are returning to the market with a company offering life and critical-illness insurance online.The pair have been working on The Insurance Helper since leaving Premier in 2006, two years after it was sold to Tenet.It will initially be a non-advice business, with a callcentre worker contacting consumers […]

Skandia fund is too alternative for some advisers

Advisers have given a lukewarm response to plans from Skandia Investment Group to bring out a multi-manager alternatives fund.The fund is a designed to be a diversifier to traditional asset classes, with low correlation to equities, bonds and property.The 10 asset classes at launch are likely to be diversified hedge fund exposure, listed timber, precious […]

Budget summary – March 2016

This week’s Budget looked as if it would be a difficult one for the Chancellor, with disappointing economic numbers and the need to avoid ruffling feathers ahead of June’s in/out referendum. Nevertheless, Mr Osborne did spring a few surprises, including some tax reductions. So how does this budget affect you? If you are – or […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm