View more on these topics

Verso launches self-certification mortgage

Verso is launching a self certification mortgage which will allow borrowers to remortgage and raise up to £200,000 for their companies.


The intermediary arm of Britannia Building Society is launching the Verso Self Cert Mortgage at 5.98 per cent fixed for either two or five years.


If funds are being raised for business purposes a fixed-rate of 6.58 per cent is available.


The maximum loan to value is 85 per cent and IFAs will receive a procuration fee of £150 on completion.

Recommended

Fleming urges further rate cuts by Bank of England

Fleming Asset Management is urging the Bank of England to keep cutting interest rates to bring the UK in line with the rest of Europe.It says that very low inflation would encourage investors to pour funds into equities because of the low yields cash investors would receive from banks and building societies.It also warns investors […]

TMO offers IFAs £200 compensation for failure to process offers in 48 hours

The Mortgage Operation is guaranteeing to give mortgage advisers £200 if it fails to meet its processing targets.TMO says the initiative called Non-Con guarantees a fast track service. It is promising to pay mortgage advisers £200 if an offer is not produced within 48 hours of the application being submitted.The £200 will also be paid […]

Lazard offers life insurance option on personal portfolio service

Lazard Asset Management is adding a life insurance option to its successful Personal Portfolio Service.The new Capital Pledge option, provided through M&G Life, will provide a capital payment of at least 101 per cent of the original sum invested in the event of the death of the insured investor.Lazard director Rupert Tyer says the product […]

Old Mutual announces details of flotation

Old Mutual has announced details of its stock market flotation in the same week Imro fined its fund management arm for a compliance flop.The floatation will provide payouts of at least £400 each to around 5,000 UK investors. The acquisitive company is keen to expand in the UK and has made two major buys within […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment