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Leeds BS makes interest-only changes

Leeds Building Society has cut its maximum LTV from 70 per cent to 50 per cent for interest-only loans where the repayment strategy is the sale of property.

Leeds currently accepts either a savings or investment vehicle as a repayment vehicle, or the sale of property.

It will still allow up to 75 per cent LTV for those using savings/investments as their repayment vehicle and any additional lending, above the 75 per cent LTV maximum, can be advanced on a capital and interest basis up to 85 per cent.

Its latest changes do not apply to buy-to-let loans.



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All-party Parliamentary group on economics, money and banking chair Steve Baker wants directors of financial institutions to be forced to take personal liability for their firms’ losses. In a private member’s bill to be debated later this month, Conservative MP Baker calls for any losses to be “made good” first by directors’ bonuses which should […]


Ford wants Keydata probe ban over email breach

Keydata Investment Services founder Stewart Ford has told a judge that the FSA should exclude from its investigation of the firm anyone who saw protected emails that were improperly obtained by the regulator. According to Bloomberg, lawyers for Ford also called on the FSA to hand over communications with other agencies who have received the […]

MM Profile: Robert White

The managing director of Durell Software taught himself programming to produce computer games and built a successful company but when the gaming business changed he turned to writing fully integrated software for the financial services sector with the aim of making it clear and simple to use Interview by Rachael Adams


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