View more on these topics

GEMHL reduces intermediary distribution

GE Money Home Lending has cut the number of intermediaries that can access its mortgage products.

The lender says in light of continuing economic downturn, it has had to cut the number of IFAs and brokers thast can access its products to “tightly control” its proposition.

A spokesman for GEMHL says: “The economic environment remains challenging for borrowers, intermediaries and lenders and is likely to be for the foreseeable future.

“As a result, we have decided to reduce the number of intermediaries we work with, as well as making some changes to our product criteria – reflecting the need to maintain a tightly-controlled, prudent range of products in the light of difficult economic conditions.

“It is never easy to make these sort of changes, but in the light of the unfolding economic conditions, we believe they are necessary. Our key focus will now be on continuing to help and support our intermediary partners.”

more to follow….


A clear divide

For those who wanted a political choice, you have it. The Government has opted for borrowing, tax cuts now, particularly for the less well-off and tax increases after the next election for the rich.

Time for a new approach to asset allocation

Trevor Greetham, RLAM’s head of multi asset, introduces the recentlylaunched RL GMAPs. Asset allocation has become an increasingly difficult challenge for investors and advisers in the years since the financial crisis. Sometimes violent price swings in stock and commodity markets coupled with the collapse in the rate of interest on bonds have made it harder […]


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