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Tory plan for shared equity

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.

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Women outlive men – it&#39s a fact

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&#39t have put it better […]

Prestbury issues profit warning

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&#39s […]

IFACare says new FSA rules offer greater protection for OAPs

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 […]

Brokers expect business as usual at Mortgage Express

Mortgage brokers say they do not expect that B&B&#39s 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 […]

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