View more on these topics

Stroud & Swindon temporarily pulls higher LTV products

ITL Mortgages has today announced that it will temporarily suspend new lending on its higher loan-to-value products of up to 85 per cent due to high demand.

The lender says the reason for pulling the products is because it had hit its target for lending in that range, which is believed to be worth about £60m of lending.

The decision was made yesterday and the suspension of the product range will take effect from close of business today.

Stroud & Swindon sales and marketing director Linda Will says that while the high level of demand was a good thing, it was necessary to pull the product range at short notice not to exceed business levels.

She says: “In some respects it is a good thing, because it shows the success of the set as it was lent quicker than anticipated. We’ll potentially come back into that market later but, at this point in time, we’ll be concentrating on business at the lower end of LTV. We’ve saturated our appetite for the range up to 85 per cent LTV.

“I would have liked to have given more notice but, frankly, they have been so popular, if we gave more than 24 hours notice the funds will be such that it will take us over the amount of business we want to take.”


Aviva academy aims to explain process of underwriting

Aviva is setting up an underwriting academy to help advisers understand the process, following a successful pilot. The underwriting academy, to be implemented as part of Aviva’s broader adviser academy structure, has been developed to improve advisers’ understanding of the underwriting process, including the reasons for loading or declining an application. The pilot sessions, held […]


Burgess says Govt and quango workers can’t find cover

Former British Insurance managing director Simon Burgess says some unemployment protection providers are refusing to cover Government workers and employees of quangos such as the FSA. Burgess, who left the insurer to set up his own US protection provider with wife Sara, says he has seen a blacklist outlining which professions some providers deem uninsurable […]


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