View more on these topics

Niche firms set to make 2005 year of first-time buyer

Money Marketing mortgage round table

2005 will prove to be the year of the first time buyer, according to a group of mortgage experts at a Money Marketing mortgage round table discussions.

The pressure to bring FTBs back into the market will force lenders to re-investigate their product offerings and come up with a product suitable for this part of the market said panel members.

They agreed that more lenders will look at breaking into this area but they also believed that the issue of FTBs is being used as a political football.

Mortgage Express managing director Tim Dawson said the only way to help FTBs, who are income -poor and asset-poor, is through Government subsidy.

Alliance & Leicester head of intermediary mortgages Mehrdad Yousefi said that buyers have to be more realistic as to their capacity and the const-raints on them in this market. He believes that the Government will look at increasing the lowest band for stamp duty from 60,000.

Newcastle Mortgage Services sales director Tony Ibson said: “Niche players can see a massive opportunity in FTBs which they will certainly pick up on this year.”

Purely Mortgages chief executive Mark Chilton says: “Stamp duty is only scratching the surface. The inability for our children to get on the property ladder is a major social issue. The solution is for some degree of shared equity. There is an investor class ready for this now.”


BoS co-branding with Halifax

HBOS is adding the Bank of Scotland brand to the fascias of its 700 Halifax branches in England and Wales, to expand its business banking opportunity. From June, Halifax will be co-branded with Bank of Scotland, and the 100 largest branches will introduce in-house business banking managers. All communication material will use both logos in […]

Burgesses offers own IP plan

Specialist insurance broker Burgesses is launching its own income protection plan called British Income Protection. t offers a low cost non-discriminatory income protection with a maximum monthly benefit of 1,000 or 50 per cent of gross monthly income. Cover is available to UK residents below retirement age irrespective of occupation, gender or employment status.

Fidelity moves into Korea and India

Fidelity is launching two asset management businesses in South Korea and India. The first tailor-made products for local investors will be launched this month with Indian investors offered an Indian equities fund, and Korean investors offered a choice of ten domestic funds that invest in Korea and global markets.

Dawnay Day safeguards commodities

Structured product provider Dawnay Day Quantum has created another issue of protected commodities accelerator, capital-protected bond linked to a basket of eight industrial metals and energy-related commodities.

Qatar cover image - thumbnail

White paper — Qatar International Insights

Jelf Employee Benefits highlights new legislation, key requirements and policy considerations when structuring international private medical insurance (IPMI) for expatriate employees in Qatar. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Qatar.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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