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Govt shortens wait for mortgage interest support

The waiting period for support for mortgage interest paid to those facing a sudden loss of earnings has been cut from nine to three months.

In the changes brought in today the Government is also doubling the size of mortgage eligible to be covered by the scheme to £200,000.

The Association of Mortgage Intermediaries has welcomed the news.

AMI director Robert Sinclair says: “This will provide support to a small but important group of people who are vulnerable following job losses, in the current economic climate.

“Homeowners should take action as soon as they think they may have trouble meeting mortgage repayments.”


On the line in nine

Pada on launchpad

John Lawson, head of pensions policy, Standard Life

I would like to see a swift market recovery and an end to the recession. In terms of legislation, we are not going to see very much.

Is this the endgame for the current mergers & acquisitions boom?

Last year, worldwide mergers and acquisitions (M&A) rose to an unprecedented $4.7tn, according to Thomson Reuters, a 41 per cent increase over 2014. Anthony Forcione, senior equity analyst at Loomis Sayles, an affiliate of Natixis Global Asset Management, looks at what’s been driving this particular wave of mergers. Click here to view full article: Loomis-Sayles


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