View more on these topics

West Brom shortfall deal on BTL

West Brom has added a feature to its buy-to-let products which allows surplus disposable income to be used where there are rental shortfalls. Typically the lender will only approve buy-to-let mortgages where the rental is 130 per cent of the mortgage repayment. Now landlords are being offered a mortgage which covers 100 per cent of the interest payment if they have enough equity in the property where they live or disposable income to make up the shortfall.

Recommended

Hargreaves fined for failing to warn investors on zero

Hargreaves Lansdown Asset Management has been fined by the FSA for selling its Hargreaves Lansdown Secure Growth Portfolio for a period in 2001. The Secure Growth Portfolio was a specialist portfolio of zero dividend preference shares which HL closed over two years ago. A statement from the group said the FSA believes that HL was […]

MGM in free membership deal on loans

MGM Assurance is offering free network membership to brokers who can complete seven mortgages per month. If an agent sells fewer than seven mortgages in a month then a nominal fee of £50 is charged and trainee advisors are charged a fee of £100 per month.

Headdon escapes lifetime ban

The FSA has stepped back from its threat to ban former Equitable Life chief executive and appointed actuary Chris Headdon for life and has banned him for six years. Headdon is now excluded from holding senior roles in financial services companies until May 2010. The move has been condemned by Equitable Members&#39 Action Group chairman […]

Massow makes IFA return with Falcon network

One of the UK&#39s best-known financial advisers Ivan Massow is returning to business as an IFA with the relaunch of his firm as Felix Financial. The six-RI firm is operating from London offices as part of Bristol-based IFA network the Falcon Group. Massow&#39s previous IFA business, Ivan Massow IFA, was part of South Wales network […]

The Perils of Passive Investing

The era of loose monetary policy created an environment that rewarded passive investors in the US. However, with the US raising interest rates for the first time since 2006, Felix Wintle explains why he believes active investing will be more important than ever. In the video Felix discusses: The rising cost of capital and its […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment