View more on these topics

TV controversy brings surge of self-cert interest

Birmingham Midshires has seen an increase in self-cert enquiries after a recent BBC programme showed its brokers encouraging clients to falsify their incomes on applications.

Midshires, which has suspended self-cert from its branches, says the programme has made borrowers more aware that self-cert is an option.

The HBOS subsidiary is thought to be unlikely to return self-cert to its branches but will continue to offer it via intermediaries.

PR manager Matt Grayson says: “A sizeable number of people are likely to have watched the programme and therefore realised they are able to take out a mortgage with a mainstream lender.”

London & Country mortgage specialist David Hollingworth says: “I do not think this is people looking to abuse the system so much as people realising that self-certification is an option.”


House prices up by 1.2 per cent in November – Nationwide

House prices rose by 1.2 per cent in November down from a 2 per cent rise in October, according to Nationwide&#39s monthly house price index. The average house cost £133,388 in November up from £131,947 in October. Group economist Alex Bannister says: “The housing market remained firm in November with the price of the typical […]

Online quotes could save IFAs £71m a year

The IFA sector could save £71m a year by using technology to provide policy valuations for existing clients, according to figures from the Financial Technology Research Centre. The research analyses how much more expensive it is for an IFA to provide a quote for their client by phoning and researching it through provider sites compared […]

0.3% deal threatens to widen squeeze

The deals that Standard Life has struck with the fund groups on its panel could lead to a crippling margin squeeze as rival platforms seek similar agreements with fund firms. Industry observers believe that by agreeing to run money at 30 basis points, as some groups are believed to have done, the panel members have […]

Remortgaging will boost lending in 2004 – Mortgage Advice Bureau

The Mortgage Advice Bureau is predicting a significant increase in remortgage business in 2004. It says homebuyers will be keen to take out fixed rates as they will see them as more secure after the recent base rate rise. Chief executive Peter Brodnicki says: “People are scared that rates will rise further and concerned about […]

Iain Chadwick

The Budget 2015: a brief overview

Following George Osborne’s delivery of his sixth Budget as chancellor and the last of this current parliament, we have provided a brief overview of the initiatives put forward in his statement, focusing on the topics that have an impact upon the pensions landscape, savings, personal taxation and businesses.


News and expert analysis straight to your inbox

Sign up


    Leave a comment