Leeds & Holbeck is rolling out a buy-to-let mortgage fixed for five years at 6.24 per cent. Available for purchase or remortgage, the loan allows landlords to acquire a maximum of three properties at a combined cost of no more than £500,000 up to a maximum of 75 per cent loan to value. Minimum valuation for each property is £50,000, except in the South East where it is £70,000 and in London where it stands at £85,000.
The new MCCB registration rules present greater demands and requirements – and not before time. Comparing the May 2000 document with this year's new requirements, six pages of rules have become 12 pages and seven “definitions” have been expanded to 14. Has the MCCB deliberately doubled the content, with some masochistic mathematical consistency? No. It […]
Tuesday, 4 September 2001.Type: Offshore insurance bond.Aim: Income or growth by investing in 25 funds from the Dow Jones global titans index.Minimum investment: £6,000, euros 10,000.Place of registration: Dublin.Investment split: 100 per cent dynamic income fund 2 which invests in 25 funds from the Dow Jones global titans index.Guarantee: 10.75 per cent annual income or […]
Payment protection insurer Pinnacle says homeowners who re-mortgage should buy a mortgage payment protection insurance policy to safeguard the financial benefits of moving to a new lender.Pinnacle argues that the advantages of better terms and lower costs make little difference if sickness, accident or unemployment stop homeowners making mortgage repayments.Pinnacle director of new products Tom […]
In response to Chris Beller's letter (Money Marketing, August 2), the principle behind the legislation with regard to stakeholder default funds is that members should not be forced to make their own decision about investment options. The legislation does not require that each listed fund at scheme level is linked to a specific defined situation […]
Jelf Employee Benefits highlights new legislation, key requirements and policy considerations when structuring international private medical insurance (IPMI) for expatriate employees in Qatar. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Qatar.
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It is encouraging to see the FCA close in on lazy fund management, but more needs to be done Without fanfare, the FCA has confirmed its intention to punish lazy fund management. Several groups have been persuaded into voluntarily compensating investors who bought their beta-posing-as-alpha products, otherwise known as closet trackers. The regulator suggests that […]
Ex-GBST man and FinoComp chief executive Ray Tubman on the need for a brave new world of interoperability Platforms running on proprietary technology often see this as a competitive advantage, even if it is expensive to run. But ex-GBST man and now FinoComp chief executive Ray Tubman does not believe outsourcing is the poor relation. […]
Ahead of speaking at Money Marketing Interactive in May, founder and director of The Yardstick Agency Phil Bray gives tips on how advisers can improve their public image and why the FCA should rethink their plans for the register On a scale of 1 to 10, how optimistic are you about the advice market for […]