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Wave pulls near prime plus range and ups minimum age to 21 on all products

Wave is making a number of changes to its mortgage range which includes withdrawing its residential near prime plus range.

In an email to brokers the lender says that First Time Buyers will no longer be available on its Buy to Let rental income option and it will be introducing a new minimum age of 21 across all of its product types.

It says that its tracker rates and its almost prime range rates are being re-priced.

Wave says that decisions in principle will be accepted on current products until close of business on February 8.


MPL launch property fund

Managing Partners Limited (MPL) has launched a new property fund in a bid to take advantage of discounts in the market.

Tiner picked for Tory review

Former FSA chief executive John Tiner is to take part in an independent review of regulation commissioned by the Conservative Party.The review will be led by former head of the Government’s Better Regulation taskforce Sir David Arculus. It will analyse where the current regulatory system goes wrong and how it could be improved.Shadow Secretary of […]

Wrap is scrapped

Industry specialists say Friends Provident is right to abandon its wrap if it needs to cut costs.Friends is ditching its wrap plans as part of a move away from wealth management.CWC Research managing director Clive Waller says it would have needed similar market share to FundsNetwork, Cofunds and Skandia/Selestia to make wrap a success. He […]

Syndicate acquires The Independent Financial Solutions Group

Syndicate Asset Management has announced the completion of the final terms of its acquisition of The Independent Financial Solutions Group.Syndicate will pay £4.2m for the Chelmsford-based pension and investment adviser business, comprising of £1.9m initial cash consideration paid on completion plus up to £0.2m for the net assets of IFS.In addition, up to a further […]

Can you put a hat on?

By Sarah Scott, marketing consultant You might think the question in the title is a strange one. Perhaps even more so when you learn that it’s one of several asked as part of an assessment for Employment Support Allowance eligibility in the opening scenes of the 2016 film, ‘I, Daniel Blake’. Daniel is a carpenter […]


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