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Are Alliance & Leicester and NatWest right to cut their

loan-to-value criteria for areas of the South-east due to fears of a

downturn in the housing market?

“No. Why should they? Lenders have been offering 95 per cent for as

long as I can remember and I have been in business since 1985.”Joseph

Gillespie, Gillespie Financial Services

“Yes. I think far too much money is being loaned in all

directions.”William Paterson, Mr WS Paterson

“Yes, probably, in view of the fact that people suffered badly from

negative-equity problems in the past and lenders should look to

protect people from that.” Paul Armstrong, Independent Financial


“They have got to treat everyone the same. They shouldn&#39t just do it

for the South-east.”Donald Fraser, Inverness Insurance Centre

“They are right to be on their guard. There are a lot of factors

which show the picture is not quite as rosy as we are led to

believe.” Helen Moran, Helen Moran Associates

“I can understand why they have done it. Prices have been pushed up

too high by estate agents. I can see a downturn coming if interest

rates are put up.” Graham Bacon, GB Financial Management

“No. It is a worrying trend. Other major clearing banks are not doing

it and are distancing themselves from it, which I think is a good

thing.” Brian Mitchell, Mitchell Prockter Financial Services

“No. There is not much difference between 95 and 90 per cent LTV and

lenders are covered by mortgage indemnity anyway.” Man Lau, MFL

Financial Management

yes 50%

no 50%


South-west manager for Pink Homes Loans

Pink Home Loans is appointing Andy Keen as business development manager for the south-west region. Keen joins a team of five other business development managers headed up by national sales manager, Mike Mitchell. He will be responsible for developing business in the south-west region including Bristol, Bath, Bournemouth and Wales. Keen was formerly a broker […]

SecureHealth keeps options open

SecureHealth has teamed up with Legal & General to offer options, a private medical insurance (PMI) plan that can be tailored to the needs of different age groups.Options plan individual offers cover for single people, couples and families. It has six options, which can be bolted together if an upgrade is needed. Cover can also […]

Sofa spotlight on LTC

Sofa is holding a day-long conference covering all the major issuesrelating to long-term care.Speakers will look at issues surrounding who needs LTC insurance,current legal issues for the IFA, new arrangements for funding LTCand co-operating with other professionals when providing care.The agenda includes formal presentations and interactive casestudies, with industry speakers including Department of Health headof […]

Bonus of contention

Millions of homeowners who are rel-ying on with-profits endowmentpolicies to repay their mortgage face an uncertain future. One of theUK&#39s major life companies, Norwich Union, was the first to confirmthat bonuses have been cut this year. The average maturity value of a25-year endowment maturing this year is expected to be 15 per centlower than last […]


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