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Half of advisers think buy-to-let saturated in South-east

Specialist lender Future Mortgages&#39 quarterly survey of 500 intermediaries reveals 51 per cent of respondents believe the buy-to-let market in London and the south east is precarious, 33 per cent think it is stable and 17 per cent say they are unsure about its future. And of those who took part in the survey 54 per cent are concerned some lenders and brokers are recommending self-cert mortgages in inappropriate situations to increase income multiples.

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Northern Venture Managers – Northern 3 VCT

Thursday, 12 December 2002 Aim: Income by investing in smaller UK companies Minimum investment: Lump sum £3,000 Opening-closing date: January 23, 2003-April 5, 2003 for 2002/2003 tax year, April 21, 2003 for 2003/2004 tax year Charges: Initial 5%, annual 1.5 % in year one, 2% in year two, 2.5% thereafter Commission: Initial 3% Tel: 0800 […]

Income Reform Group backs Tory annuity Bill

The Retirement Income Reform Group has strongly endorsed Conservative MP Edward Garnier&#39s Private Member&#39s Bill aimed at reforming the current annuity regime.The Bill, to be tabled in Parliament today, is calling for relaxation of the obligation to purchase an annuity by the age of 75. It follows on from similar legislation brought forward by Tory […]

Bond aid

The Diary is impressed with Prudential&#39s unashamed carrot and stick approach to with-profits – the carrot for the new customers and the stick for the old. Just days after whacking maturing with-profits policyholders with a swingeing 7 per cent cut, the Pru is offering a 2 per cent enhancement on all Prudence bond purchases.Apparently the […]

Confusion over retrospective rules

The article, Pledge to end retrospective rules regime, seems to be diametrically opposed to the news that Mr Davies is extending the “statute of limitation” rules for endowment complainants.Perhaps he does not understand what retrospective rules regime actually means.Perhaps he is trying to appease Ms McKechnie at the Consumers&#39 Association – plenty of hits but […]

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