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HBOS and Abbey to launch green loan products

HBOS and Abbey have announced plans to launch a green loans next year.

HBOS says it will launch of green mortgages, while Abbey has committed to launching green personal loans.

The news comes after today’s Budget where the Chancellor re-affirmed the Government’s desire for the mortgage industry to launch green mortgages.

HBOS head of products Peter Jackson says: “Green finance is clearly an area where lenders can play an important part. We will launch a green mortgage next year.”


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Mortgage application fees have nearly doubled since 2004 amid current concerns that lenders are looking to recoup losses from exit fee refunds.The average application fee for a fixed rate mortgage has soared from £334 in February 2004 to £611 in February 2007, according to consumer portal of mortgage data from independent financial product research […]

Consolidation looms in friendly transfer move

Friendly societies are now more likely to be taken over by life offices after tax changes in the Budget which lifted restrictions on the transfer of tax-exempt products.Tax-exempt products from friendly societies can now be retained even if the society is taken over by a life office. The move is expected to lead to consolidation.Budget […]

BUDGET REACTION: Law firm warning over VCT & EIS changes

Budget changes to enterprise investment schemes and venture capital trusts could stifle investment, law firm Osborne Clarke warns.The Chancellor announced the introduction of tests yesterday including an employee headcount test and overall investment limits that must be met for investors to take advantage of tax relief schemes on EISs and VCTs. In future on the […]

Powerful estate planning tools ignored or forgotten by wealthy Brits

Canada Life IHT Survey 2016 Only a quarter of wealthy Brits have sought professional estate planning advice to ensure their families don’t pay more tax than required More than a quarter don’t even have a will and just one in five have gifted money Many say they do not need these tools but families would […]


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