Only a quarter of homeowners are aware of Government proposals to change housebuying rules according to a survey by Legal & General. Legal & General claim homeowners need to be educated about the changes, brought about by the introduction of Sellers Packs, if the proposals are to be successfully implemented. The Government hopes Sellers Packs will make moving house much faster and less stressful. They require sellers to prepare a pack of information including a property condition survey, draft legal work and the results of local authority searches before their homes can be marketed. Buyers will then be able to see any defects in properties before they visit them and not be faced with any problems once they’ve made an offer. There will also be a greater use of mortgage Acceptances in Principle which will tell buyers their mortgage is all pre-arranged and help them be presented as serious buyers.
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Goodfellows secures new ASU plan
Goodfellows has brought in a revamped version of securityfirst.co.uk, a mortgage payment protection insurance plan.The product is only available online and the cost has been revised by the company. After a free cover period of three months securityfirst.co.uk offers accident sickness and unemployment sickness (ASU) cover of £3.75 for every £100 of mortgage cover.A joint […]
Edinburgh Fund Managers – Global Growth Portfolio
Wednesday, 15th November 2000.Type: Unit trust.Aim: Growth by investing in unit trusts and Oeics.Minimum investment: Lump sum £2,000, monthly £100. Isa lump sum £2,000, monthly £150.Investment split: US 50 per cent, Europe 20 per cent, UK 12 per cent, Japan 9 per cent, Pacific and emerging markets 9 per cent.Isa link: Yes.Pep transfers: No.Charges: Initial […]
Stylish strategy for Chase Fleming
Chase Fleming Asset Management has added the FF-US strategic growth fund to its range of style funds. Style funds work by recognising that all stocks are different, even though they might be in the same sector. The FF-US strategic growth fund is a Luxemburg-based Sicav that applies this principal to growth stocks, meaning the fund […]
Morgan Stanley Dean Witter – Morgan Stanley Dean Witter Sicav Emerging Europe Fund
Wednesday, 15th November 2000.Type: Sicav.Aim: Growth by investing in emerging Europe, former Soviet Union, the Middle East and North Africa, telecoms, technology and countries with natural resources.Minimum investment: I shares $2.5 million, A shares $5,000.Place of registration: Luxemburg.Investment split: Russia 22 per cent, Turkey 21 per cent, Israel 20 per cent, Greece 10 per cent, […]
Understanding the new State Pension
The Department for Work and Pensions (DWP) has unveiled a new communications campaign to raise awareness of the new State Pension that will be launched next year.
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Directors disqualified over fine wine investment scam
Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell wins Sipp charges complaint
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]
Foster Denovo makes acquisition to kick off growth push
National advice firm Foster Denovo has acquired employee benefits consultancy TEBC. The deal brings over 100 corporate client relationships, and Foster Denovo will look to build TEBC’s staff into its own employee benefits division, Secondsight. Foster Denovo says the deal is the first in an acquisition strategy it will be pursuing. Chief executive Roger Brosch […]
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