View more on these topics

Lenders vie for release key as trackers replace SVRs

On the product front, I know that a number of lenders are working hard on the two big issues. The first is a real solution to equity release. Bank of Scotland and, latterly, Barclays and Northern Rock showed there is fantastic potential demand for the release of equ ity for our ageing population. It wouldn&#39t surprise me if Standard Life gets there first again.

The bigger challenge is to produce affordable support for key workers and first-time buyers in London and the South-east. A significant market awaits the lenders intelligent enough to come up with the right solution in 2001.

Standard variable rates will slowly start to wither on the vine as more lenders follow the intelligent lead of the Portman in supporting their new business offers with tracker-style offerings during the residue period. The big issue here is what Halifax does with its SVR.

The impact of the new regulatory regime will be very significant. With lenders effectively charged with regulating intermediaries, the existing pressures for consolidation in mortgage intermediation will grow. Expect to see significantly greater proportion of this market taken by the leading players, Charcol, Savills Private Finance and London & Country.

A number of the pure dot.com players in our market will disappear. But, the whole market will benefit because of the pressure that the internet market is exerting for a true online community between lenders and intermediaries. A series of fragmented initiatives will start bearing fruit.

It is going to be an exciting place to be this year.

Recommended

Schroders recruits Perpetual fund managers

Schroders has recruited three fund managers from Perpetual to strengthen its US equities team. Ian Brady will become Schroders head of US equities. Philip Chappell and Grant Cowley will also join the team. Former Legal & General joint head of North American securities Ian Cooke is also joining Schroders. Perpetual was bought by Amvescap in […]

Reducing costs is the year&#39s big challenge for providers

The key issue coming up is, of course, the launch of stakeholder. This,and the move to 1 per cent margins, will be a real catalyst in the industry. There will be substantial competition as companies aim to take the market share and inevitably we will see more consolidation. I hope this year we will actually […]

B&W launches guaranteed equity Isas

Bristol & West has launched a new range of Tessa Only Isas offering stockmarket linked growth potential with capital security. With an estimated 2 million Tessa customers looking for a new tax-free home for their money in 2001, the three new accounts are available as Tessa Only and Mini cash Isas. Savers can put up […]

FSA is a rank outsider

If I were a betting man, and I&#39d lay 2-1 that I&#39m not, I would probably hold on to my money rather than take a chance that the FSA will finally get its authority in 2001. It has already taken more than two years to get this far and the end of the road still […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com