Analyst Datamonitor says gross mortgage lending advances increased by 40.6 per cent to £21.8 billion in July this year from £15.5bn at the same time last year. In its “UK Mortgages 2002: Going from strength to strength?' report it says rapidly increasing house prices and low interest rates have been the principal market drivers in the growth, although low unemployment, insufficient new housing supply and poor stock market returns have contributed to property market buoyancy.
Eye-fa, a new IFA dedicated web directory, has been set up with the aim of enabling advisers to complete all their business transactions online.The site, www.eye-fa.co.uk, aims to help IFAs take advantage of the increasing number of facilities for intermediaries available online and aims to have most product providers signed up by the end of […]
Perhaps Luke March should approach Estelle Morris to supervise the remaining period until the December 31 deadline for mortgage advisers to achieve their minimum qualification.Then we could be confident that the deadline will pass without anyone knowing where they stand. We could revise the standards continually until the right political solution is found.However, just like […]
Scottish Provident has added children's income and immediate cash benefits to its Self Assurance range, which it says gives policyholders more protection than offered by its rivals.ScotProv says the two new benefits, launched this week, are intended to cater for a gap in the protection market and will be included free to customers taking out […]
Berkeley Berry Birch group deputy chief executive Steve Ingledew has a lot on his plate. Not only is the firm planning to raise £20m to fund an ambitious acquisition programme but Ingledew has an urgent deadline – the birth of his new baby next month.When Ingledew graduated from Sussex University in 1984 with a degree […]
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A decade ago, I went through the pain of switching utility providers. Deterred by a catalogue of errors, it is only recently, after a house move, that I tried again. I was pleasantly surprised by how easy it was. It has made me think about how complex and expensive it is to switch in financial […]
It has never been more important to encourage saving. But advisers know only too well how challenging the complexities of the UK savings and pensions landscape make it for people. Any trends towards simplification would be welcome, but unfortunately recent developments have moved in the opposite direction. Take Isas, for example. Their simplicity has always […]
The FCA has confirmed it will consider if there needs to be better guidance around when it and the Financial Ombudsman Service can share information ahead of the FOS making its final decision. In a Complaints Commissioner final report, published on its website yesterday, commissioner Antony Townsend invited the FCA and FOS to discuss when […]