View more on these topics

IFAs predict boost for flexi products

IFAs expect flexible mortgages to make up at least onefifth of their mortgage business within the next year, according to a survey by len der Sun Bank.

Sun Bank questioned 250 IFAs in September and Oct ober, revealing advisers also predict flexible products will account for more than a third of all mortgage loans by 2001.

According to Sun Bank, 5 per cent of IFAs currently generate over half of their mortgage business through flexible mortgages. It expects this to increase to 9 per cent of IFAs by next year.

Sun Bank says 81 per cent of IFAs who responded to the survey support benchmarking for flexible mortgages.

The lender believes a set of criteria to establish what constitutes a flexible product will help to foster the growth of the market.

It also believes IFAs are especially important to the growing flexible market bec ause of the extensive variety of products available which could confuse consumers. Also, many borrowers may not take advantage of potential savings by remortgaging unless advised.

Sun Bank marketing director Chris Cummings says: “The growth in flexible mortgages can be largely attributed to changes in lifestyle, including more flexible work patterns. The number of self-employed, part-time and temporary contracts is on the increase, so traditional mortgage methods are not always the best option.”

Recommended

Legal & General – Group Personal Pension – Single Charge

Tuesday, 12th December 2000.Type: Group pension plan.Minimum premium: Monthly £20.Minimum group size: One.Minimum-maximum ages: 16-74.Fund links: Managed, distribution, equity, international, European, North American, Far Eastern, UK equity index, US equity index, European equity index, Japanese equity index, consensus, UK recovery, UK smaller companies, fixed interest, index linked gilts, property, cash, unitised with profits, ethical, lifestyle […]

A Consumer&#39s view

The recent analysis of long-term trends in the housing market by the Council of Mortgage Lenders&#39 economist Dean Garratt makes interesting reading for both homeowners and those hoping to get a foothold on the property ladder. His conclusion is that house price volatility will lessen and there will be lower real increases in house prices […]

Advice for retiring types

More and more IFAs are appreciating the advantages of specialisation. As Cat-standard char ges and stakeholder-type structures cascade into all product areas, existing as a general practitioner IFA becomes inc reasingly difficult. One clear area of specialisation is point-of-retirement planning, where clients with maturing pensions receive advice on how to handle one of the great […]

Pension solution from Scottish Widows

Scottish Widows – Individual Pension SolutionsType: Pre-stakeholder personal pension plan.Minimum investment: Lump sum £2,000 monthly £65.Investment choice: Fixed interest, indexed stock, mixed, international, consensus mixed, European, Japanese pension, global equity pension, property, building society, UK equity, UK equity index, safety plus, North American pension, environmental pension, Fidelity managed, Chase Fleming managed, Gartmore managed, Merrill Lynch […]

A bull case for US equities?

Neptune video: a bull case for US equities?

Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.

In the video, Wintle addresses the following:

• The US market and why — despite equities rising from 2009 — he believes the structural bull market only started in 2013
• Key economic and corporate factors that can drive the S&P 500 higher
• Investment themes and sectors offering exposure to the domestic recovery

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment