The Tories are proposing to introduce “shared equity” plans to help first time buyers get on the property ladder. Buyers would pay half or two-thirds of the total cost while the remainder would be borne by the mortgage lender or developer. The company would then retain that proportion of the value of the home, with an option of possibly selling the stake back to the owner over time.
First of all, congratulations on a good piece “Sold on solutions” (Comment, April 22). It is good to read some common sense. Such sense was also exhibited by John Morris in his excellent letter to the Treasury select committee and, of course, by Harry Katz (Money Marketing, April 22). I couldn't have put it better […]
Non-regulated network Prestbury Holdings has issued its second profit warning of the year and has raised £500,000 through a placing of £1m of new convertible loan stock. The company says the marketing joint ventures trialed by its Moneybrain division have failed to deliver the results that had been expected. Prestbury chairman Francis Maude says: “Prestbury's […]
Association for long term care advisers IFACare says the new FSA regulation of LTC advice, products and regulation will bring greater protection for elderly people. IFACare chairman Graham Fidoe says the increased retired population will restrict the amount of help that Government and the local authorities can provide. He welcomes the new rules will help […]
Mortgage brokers say they do not expect that B&B's move will have much impact on the level of business at subsidiary Mortgage Express. Hamptons broker Jonathan Cornell says Mortgage Express is obviously still a core part of B&B and he expects it to be “business as usual”. Cornell describes the lender as “excellent, with fantastic […]
Les Cameron, Head of Technical, explores defined benefit pension transfers from a technical viewpoint, tackling the topics such as transfer values and transfer drivers.
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Tenet is looking to attract advisers from providers and banks with a new ‘business in a box’ solution. The network is vying for business from advisers who want to pursue the self-employed route in the simplest fashion. For example, the network will help the adviser set up their own limited company and provide loans for […]
The Financial Ombudsman Service has told Kingswood Financial Advisors to compensate a client over a Sipp investment in an unregulated Harlequin property fund. The case concerns Mr B’s complaints about the advice he received regarding two unregulated investments: one into a Harlequin property fund and the other into Green Oil. The ombudsman’s ruling relates to […]
A former Fidelity International female employee is claiming compensation against the asset manager following an alleged case of harassment from senior management, Money Marketing can reveal. The employee, who we will name Mrs A, and who used to be based at one of Fidelity’s offices in India, was sent an employment termination letter on 14 March […]