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Lenders see an increase in enquiries after base rate cut

The Bank of England’s base rate cut from 4.75 to 4.5 per cent has boosted new enquiries, say Mortgages plc and TFC Homeloans.

TFC head of products Simon Snape says there are early signs that the housing market is being stimulated by the cut.

He says: “We have experienced a noticeable upturn in new business enquiries from intermediaries since the reduction in the base rate.”

Mortgages plc says the non-conforming sector is fiercely competitive and the cut has come at the right time to boost the market.

Mortgages plc sales and marketing director Peter Beaumont says: “The performance of the housing market is largely dependent on consumer confidence and the recent rate cut seems to have sent out the right message.

“Borrowers are keen to take advantage of the lower interest rates and the many excellent deals which are now on offer. Intermediaries should take advantage of this new optimism in the market.”


Investec appoints London sales director

Invested has appointed John Tevenan from DWS as London sales director. Tevenan will focus on City and West End intermediaries and wealth managers. He also becomes a director of Investec. Tevenan was head of discretionary sales at DWS since 1999 focusing on London and the Channel Islands.

Right side of the law

The biggest surprise about Halifax launching a fixed-fee conveyancing service is – why hasn’t it done it before?

Scottish Life appoints head of marketing development

Scottish Life has appointed Neil Lovatt to the newly created position of head of marketing development.Lovatt will report to group product development director Ewan Smith with responsibilities including investment marketing and development and e-service support and development.Lovatt says: “Im delighted to take on this challenging new role and am looking forward to helping develop and […]

Friends Provident appoints Ian Jeffries as head of protection marketing

Friends Provident appoints Ian Jefferies as head of protection marketing, effective from September 2005.Jeffries takes over from Peter Hamilton, who moves to Zurich’s protection team, as reported in Money Marketing.Jeffries, who has been at Friends Prov for nearly twenty years will amongs other responsibilities be developing the protection proposition including the management of the proposition […]

International jurisdictions

By Neil Jones, Canada Life Investing through international providers has grown in popularity over recent years as investors seek out the benefits of gross roll-up and the wider range of investment options that can be available. When considering a recommendation for a lump sum investment, not only does the adviser have to select a suitable tax wrapper […]


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