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Industry players voice sellers&#39 packs worries to MPs

Property industry experts from the National Association of Estate Agents, the Consumers Association and the Council of Mortgage Lenders have met with MPs at a parliamentary briefing to voice their concerns about the implementation of sellers&#39 packs.
CML spokesman Alex Solomon said many aspects of the proposed legislation remained unresolved such as the length of time a pack will remain valid and establishing insurance for home inspectors.


Edinburgh Partners – European Opportunities Fund

Type: Oeic Aim: Growth by investing in Europe excluding the UK Minimum investment: Lump sum euros 10,000 Investment split: 100% in European equities excluding the UK Place of registration: Dublin Charges: Initial up to 5%, annual 1.25% Commission: Subject to negotiation Tel: 0131 270 5570

A&L speeds up online mortgage applications

Alliance & Leicester is streamlining its online application system to speed up and simplify the mortgage application process for intermediaries. Paper-based applications used with online submissions are being replaced by a customer declaration document which needs to be returned before completion. A&L says it is now getting 90 per cent of its applications online and […]

Cheltenham & Gloucester – 4-Year Capped Rate Mortgage

Type: Capped-rate mortgage Capped term: Until June 30, 2008 Capped rate: Up to 90% of valuation 5.69% house purchase, 5.94% remortgage, up to 95% of valuation 5.94% house purchase, 6.19% remortgage Minimum loan: £20,000 Maximum loan: Up to 95% of valuation subject to no maximum Income multiples: Up to three times principal income plus second […]

Forbes to help firms face up to pension changes

Alexander Forbes Financial Services has set up a fully integrated client sales, service and administration team to deal with advice issues in the run-up to A-Day for pensions. The new structure combines all of Alexander Forbes&#39 services, including sales, customer services, actuarial, group and executive consulting, into client-focused teams. The firm says the teams will […]

Changes to early exit pension charges

In November last year, the FCA announced that from 31 March 2017, early exit pension charges will be capped at 1% for those customers who are eligible to access their retirement savings from age of 55. The rules also state that for new personal pension plans started after that date, or on new increments into […]


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