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Graduate FTBs call for lenders to be more flexible

Research from Scottish Widows Bank says the inflexibility of lenders is stifling the graduate first-time buyer market.
The report shows that three of the top five factors that would help graduates get on to the property ladder are related to lending criteria.

The research is based on 691 graduates aged bet-ween 18 and 30.

Two-thirds of graduates under the age of 30 do not own their own home and one in seven aged 25 to 30 say they cannot imagine ever getting on the property ladder.

Two-fifths say their pros-pects of getting on the property ladder would be enhanced if lenders did not require a deposit and a third say that consideration of future earning potential rather than starting salary would help.

Scottish Widows Bank has enhanced its graduate mortgage range by extending the age limit for applicants to 35.

Applicants no longer need to have been employed for 12 months and are eligible if they are in a permanent position.

Managing director Graeme Hartop says: “As len-ders, we have to move away from a one size fits all approach to lending while maintaining a responsible approach.”


LIA’s Ellis to head CII public affairs

LIA public affairs director John Ellis is to become the first public affairs director for the Chartered Insurance Institute in the new year as well as filling that role for the Personal Finance Society.

EIS offers special brew

Brewin Dolphin Securities is sponsoring the Thistle pub company, an enterprise investment scheme aiming for capital growth through the acquisition and management of freehold pubs in Scotland.

Individual approach needed to boost PMI

Private medical insurance will only survive on an individual basis if IFAs and product providers make changes to their approach to the PMI market, according to a panel of experts.

Out of context

“I was really bored so I went and had a look round Bangor Cathedral.” – Quill PR Hugo Mortimer-Harvey on how he likes to spend his spare time.“I’ve sent the sniffer dogs out for Holly Mackay.” – Abbey for Intermediaries media relations officer Christine McAllister tracks down a colleague.“Over the next few minutes, we will […]


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