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Low income households buying homes

Research by the Council of Mortgage Lenders has shown rocketing numbers of low-earners buying their homes with mortgages. Almost 30 per cent of people with the lowest incomes in the UK now own property paid for by a mortgage, compared with just 10 per cent 20 years ago.

The figures show that a third of all children living under the poverty line reside in property bought with a home loan.


OFT names advisory panel members

The Office of Fair Trading has announced the members of its new advisory panel which includes Consumers’ Association head of policy research and analysis Michelle Childs, former Financial Times editor Sir Geoffrey Owen, professor of law at King’s College Richard Whish. The panel advises on the OFT’s strategy, new policy developments, and areas for research.

A Consumer&#39s View

The one good point about the ABI&#39s Raising Standards campaign is that it does not have to rig its questionnaire to achieve a low baseline from which any improvement will be greeted with flag waving and claims that customers are getting a much better deal. The initial findings are totally damning and speak for themselves. […]

Royal & Sun Alliance International adds technical service to website

Royal & Sun Alliance International Financial Services is adding a new technical services section on its website aimed at providing information and guidance on the life office’s product range and meeting the tax planning needs of clients. It will include information on trusts and have a guide to UK inheritance tax planning. It also plans […]

Bulteel is bidding to build business at CSC

Former Gerrard portfolio manager David Bulteel has been appointed to spearhead expansion plans of private client investment manager Carr Sheppards Crosthwaite. Bulteel resigned from Gerrard, with three members of the international portfolio management team, in February. John Barkhan, Nik Kidd and Philip Osborn will all join CSC to build the international division. The four will […]


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