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Golden chance to show value of loan advice

Intermediary lenders feel now is the perfect time for advisers to push the value of mortgage advice.

Platform business development director Lee Gladwell said intermediaries are well placed to offer help in uncertain times.

He said: “The one certainty is that there is going to be uncertainty in the economy and housing market, so what we have now is the golden opportunity for the intermediary sector to show the value of professional advice.

“Now is the time for anybody who is about to make the biggest commitment of their lives to get advice from someone who has been around for a while and has seen some changes in the market.”

Northern Rock head of intermediary sales Richard Tugwell said: “I think there is a lack of awareness, sometimes fuelled by the press that you are on a good deal so you should not switch. The message is have a look at the deal you are on, compare it and use an intermediary to get the right advice and then make your choice.”

Imla and the Association of Mortgage Intermediaries were in talks about launching a national ad campaign to promote the value of mortgage advice last year but
Gladwell said: “There are a lot of things we

could do as a sector on PR and I think we could also be more imaginative about using social media, aimed at younger people.”


Coutts fined £6.5m over £1.4bn sales of AIG fund

The FSA has fined Coutts & Company £6.3m for a string of failings in connection with the sale of the AIG enhanced variable rate fund. Coutts has agreed to carry out a past business review, overseen by an independent third party, in relation to all customers who remained invested at September 15, 2008 and will […]


Labour MPs Pearce and McFadden appointed to TSC

Labour MP’s Pat McFadden and Teresa Pearce have been appointed to the Treasury select committee. The pair were given the nod for the role in the House of Commons last night. They replace Labour MPs John Cryer and Tom Blenkinsop. Before becoming MP for Erith and Thamesmead in May 2010 Pearce worked at the Inland […]

Residential care

Advisers must consider changes to definitions of residence and the taxation of non-domiciled individuals


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