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Platform Home Loans widens express service

Platform Home Loans has improved its right to buy express completion service,

increasing its maximum loan value to £150,000 from £80,000. It is also removing the maximum loan to purchase price percentage of 140% so lenders can now lend up to 85% of the open market value.

The service has also been extended to residents in Scotland and Northern Ireland, giving greater access to non-conforming products across the country.

Platform Home Loans sales and marketing director Guy Batchelor says: “The main benefit of these changes will be that mortgage intermediaries will now be able to offer their clients a product with greater flexibility plus, it will enable our intermediaries in Scotland & Northern Ireland to use Platform on a more regular basis.”


Directors to carry can for with-profits

Life office board directors running with-profits funds will be answerable for performance and consumers will get more information following the FSA&#39s with-profits review.The review has divided the industry over reforms which some call a disappointment while others welcome them.The role of the appointed actuary will be one of discretion only when setting bonus rates and […]

ABN Amro fails with Artemis bid

ABN Amro is known to have made an unsuccessful approach to buy fund boutique Artemis following the resignations of its star managers Nigel Thomas and George Luckraft.The approach is thought to have been made last month as ABN tried to replace the managers, who run around £1.3bn of the firm&#39s £1.5bn of UK funds, with […]

Pumping up pensions

The headline-grabbing story from the Budget was the hike in National Insurance contributions. For the pension industry, this means an increased interest in salary sacrifice, the salary planning tool used to offset the effect of tax and NI for both employer and employee.The premise is simple. The employee opts to give up part of his […]

Geffen forms new company with £30m of Orbitex assets

Orbitex chief investment officer Robin Geffen is setting up a new company after snapping up the UK investment contract of the Zurich-based fund manager.Neptune Investment Man-agement will launch with assets of around £30m – inc-luding one pension fund and three Oeics – transferred from Orbitex and will initially target high-net-worth IFAs and the Sipp and […]

Oil industry: only the fittest will survive

The actions of OPEC have forced the oil supply to fall and producers to cut costs and rationalise, says Richard Hulf In an interview with journalist Alexis Xydias, Richard Hulf, manager of the Artemis Global Energy Fund, explains the impact of the fall in the oil price on energy companies. Alexis also quizzes Richard on […]


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