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Purely Mortgages receives MTA

Purely Mortgages claims to be the first broker in the UK to receive its minded to approve letter from the FSA.

Purely Mortgages chief executive officer Mark Chilton says: “As a new company starting up and with &#39M&#39 day looming, it is essential for us to be first off the mark in terms of getting this FSA approval. By getting the paperwork out of the way early and ironing out any potential issues before we launch, we hope to be able to provide a seamless service to customers and lenders.”


The LIA&#39s view

At last, we have most of the information about the stakeholder investment products proposed by Ron Sandler. It is good that the Treasury has recognised that advice needs to be financed, albeit at a level of only 0.5 per cent. Nevertheless, we have been warned that if no advice results from the relaxation of the […]

Are you being served?

Having been in France for the last couple of weeks, I noticed just how some overzealous bureaucrats can, overnight, destroy the whole structure and well-being of a thriving industry. Being in France, the land of notable cuisine, we decided that instead of indulging my talents in the kitchen, we would eat out. So we found […]

One in seven retirees suffer mortgage crisis

One in seven retirees is suffering from a mortgage crisis as rising interest rates put pressure on fixed retirement incomes. Fourteen per cent of over 65s are weighed down by mortgages that have run into their retirement, according to a report by Key Retirement Solutions. For those entering retirement with an outstanding mortgage, monthly repayments […]

Brown Shipley – Solus UK Flagship Fund

Type: Oeic Aim: Growth and income by investing in UK equities Minimum investment: Lump sum £500, monthly £40 Investment split: 27% financials, 20% resources, 19% cyclical services, 8% non-cyclical services, 8% basic industries, 7% consumer goods, 6% general industrials, 5% utilities Isa link: Yes Pep transfers: Yes Charges: Initial 3.5%, annual 1.25% Commission: Initial 3%, […]


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