View more on these topics

Southern Pacific to widen loan options

Non-status lender Southern Pacific Mortgages is revamping its mortgages in

a bid to attract a wider range of borrowers and intermediaries.

The new range features up to 80 per cent loan to valuation – an increase

from 75 per cent on previous loans. The mortgage is available for dual

self-certification for applicants wanting to self-certify income and proof

of payment history.

The new range offers self-certification for employed and self-employed

applicants and disregards county court judgments under £150 or those

satisfied over one year ago.

The acceptable total value of an applicant&#39s CCJs has been raised on a

number of schemes to between £3,000 and £5,000, depending on the

product, from £2,000.

SPM is also increasing the acceptable number of missed mortgage or rental

payments on a number of schemes as well as offering decisions on

applications within 24 hours and five-day completion.

Sales and marketing director John Prust says: “To support our commitment

to mortgage intermediaries, we have taken the opportunity to enhance our

product range to allow even more brokers to place more business with us

more easily. The changes mean our products are some of the best in the

non-standard marketplace and we fully expect brokers to take advantage of

these improvements.”


Nutt takes own flight path at Jupiter

The new manager of Jupiter&#39s income fund aims to put the waning star backin stellar companyTony Nutt denies there has been a rush of redemptions and is bemused bymedia suggestions that the fund will be aff- ected by the recent departureof chiefexecutive and founder John Duffield.He says: “Whether John is here makes no difference to […]

Pass set to lend £5m for FSAVC payouts

The Pension Advisers Support Scheme expects to loan IFAs £5m to meetcompensation payments for the FSAVC review.Similar loans for the pension review totalled £30m, according to chiefexecutive Mark Penton.Pass estimates IFAs will have to pay out an average of £2,500 incompensation for each FSAVC case but it predicts most smaller IFAs willhave to offer redress […]

Parliamentary troups urge B&B members to vote for mutuality

Two influential Parliamentary groups are lending their support tocampaigners aiming to keep Bradford & Bingley a mutual.The all-party Building Societies Group and Insurance & Financial ServicesGroup say members interests will be damaged if the society converts to apublicly owned company.The two groups represent more than 170 MPs from all political parties.The groups issued a statement […]

Sun Life of Canada to set up IFA network

Sun Life Financial of Canada is setting up an IFA network in a bid to keepits direct salesforce from leaving and becoming IFAs elsewhere.At the start of 2000, the salesforce totalled 795, down from 950 in 1999and 1,130in 1998.The future of the salesforce was thrown into doubt in April after analystssaid the Canadian parent company&#39s […]

In Focus image

In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.


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