View more on these topics

Woolwich offers fixed and stepped loans for FTBs

The Woolwich is offering a range of new mortgages tailored to first-time buyers.

As reported in Money Marketing last November, Woolwich has been looking at entering new markets and exp- anding its products this year.

Its three-year fixed rate at 5.39 per cent includes 500 cashback and a 100 application fee. The two-year stepped tracker is designed for paying stamp duty, with 1.5 per cent cashback on the amount borrowed. It starts at Barclays’ current base rate of 4.75 per cent plus 1 per cent for year one.

Head of lending Andy Gray says: “In the next part of the year, you will see more and more products from Woolwich and changes to lending policy. There is definitely an opportunity for FTBs to start to come back into the market.”

Alexander Hall chief operating officer Andy Pratt says: “Woolwich is obviously looking to play their part in the market. Service is the big one for me. They say they are not looking for big numbers and high volumes and they will hopefully set a steady position. Their service has not been great and I would hope they rectify that.”


Taxing questions for charitable trustees

Following the introduction of the Trustee Act 2000 in England and Wales on February 1, 2001, trustees of charitable trusts who did not have wide investment abilities were granted increased statutory powers.

Tri Investments launched by former HSBC AM pensions specialist

Former HSBC Asset Management head of pensions product development Christopher Finch is launching Tri Investments, a new retail and institutional specialist investment business. Finch has set up Tri Investments to focus on developing specialist investment products for the professional and sophisticated investor, initially focusing on property. The firm, headed up by Finch, will consist of […]


Guide: what you need to consider for your auto-enrolment project

In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm