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TMB boosts packagers to 150

HBOS specialist lending subsidiary The Mortgage Business increased the number of packagers it does business with from 108 to 150 between 2001 and 2002. It says packaged business accounts for 65 per cent of its total lending, up from 3 per cent in 1997. TMB&#39s net mortgages advanced last year totalled £3.5bn compared with £2bn in 2001.

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Transact adds offshore bond to range

Wrap provider Transact is adding an offshore bond facility to its wealth management wrapper range that already covers Peps, Isas and pensions. The offshore bond wrap gives investors the benefits of the Isle of Man tax regime for life products. Annual charges are 0.2 per cent to 0.6 per cent depending on portfolio size.

Morley Fund Management – Morley High Income Property Fund

Friday, 14 March 2003 Type: Unit trust Aim: Growth by investing in direct property, property related corporate bonds and cash Minimum investment: Lump sum £10,000 Investment split: Direct property 75%, property related corporate bonds 20%, cash 5% Isa link: No Pep transfers: No Charges: Initial 5%, annual 1.5% Commission: Initial 3% Tel: 0800 5874561

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