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Repayment mortgages more than doubled in the last decade says SEH

Repayment mortgages have more than doubled in the last decade according to a survey conducted by Survey of English Housing, published by the Office of the Deputy Prime Minister.

The survey shows that 64 pe cent of borrowers now have repayment loans while 27 per cent have interest only mortgages.

This is in reaction to endowment shortfalls by British consumers.

SEH data also shows that the number of first time buyers is still decreasing. Four years ago, mroe people under the age of 30 were buying instead of renting. Now 40 per cent of those in this age group rent their home while only 36 per cent are buying with a mortgage.


Lighthouse buys Sipp Administrator

Lighthouse Group has bought IFA and Sipp administrator Carrwood Barker Holdings in a deal worth up to 4.5m. Lighthouse is funding the acquisition of the Manchester firm, which has introducer agreements with 100 firms of chartered accountants and solicitors, with the issue of 3m worth of new shares.

Lighthouse buys Carrwood Barker for 3.3m

Lighthouse has announced the acquisition of Carrwood Barker, an IFA and sipp administration group for 3.3m.The firm is based in Manchester and Milton Keynes and is made up of 40 advisers based in chartered accountants throughout the UK. Lighthouse has also announced plans to raise around 3m in new ordinary shares from institutional and other […]

Malcolm in the muddle

It seems that Malcolm Rifkind has invented another financial product called a Sara, which he reckons is a lot simpler and more sensible than the existing plethora of savings and pension plans. That may be so, Malcolm, but if we add your Sara to this range of products we already have, then the market will […]

Mortgage 2000 links up with MortgageStream

Mortgage 2000s sourcing system Encore has announced that they are to extend their offering of connectivity to back office systems by launching a two way link with MortgageStream. This will enable their users to import and export client and lender data plus all relevant documents including KFIs and Fact Finds to and from MortgageStream.It has […]


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