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Southern Pacific reaches £100m lending

Sub-prime lender Southern Pacific Mortgages has written £100m in completions since it started last June. It is writing £12m-£15m worth of mortgages a month. It is also planning a £60m securitisation through Greenwich NatWest.

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A game of two halves

Last week, we launched the second half of our Game of Two Halves competition, offering the sporting day of a lifetime with Save & Prosper. We are now in week two. If you missed the questions on page 5 (how could you?) turn back. Four IFA readers have the chance to win tickets to the […]

JO Hambro to set up branded IFA group

Private-client fund manager JO Hambro is bidding to launch a new IFA with the aim of grabbing 10-20 per cent of the market over the next five years. JO Hambro, which has £900m under management, is looking to recruit up to 95 IFAs for its new company, called JO Hambro Financial Brands. It needs to […]

Paragon offering fixed rates on the web

Homebuyers with access to the internet will be able to take advantage of a special fixed-rate mortgage being offered by Paragon Mortgages on its website. Paragon is offering a two-year fixed-rate mortgage at 4.59 per cent to internet applicants as well as a 5.99 per cent three-year fixed rate. The website provides an electronic guide […]

Five GAM unit trusts become Oeics

Global Asset Management is transferring five of its UK authorised unit trusts into its UK-based open-ended investment company, GAM Funds. GAM launched its Oeic last year with the GAM Japan growth fund. The five unit trusts being transferred are: sterling & international which becomes international growth, North America which becomes North America growth and Far […]

A DGT with 100% access and 100% discount?

Clare Moffat, Technical Manager, looks at the benefits of pensions from an IHT perspective. 100% access and 100% discount – what type of wrapper could this be? A pension! Post flexibility there is 100% access (for those over 55) and normally pensions are inheritance tax (IHT) free. With flexibility the options available on death mean […]

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