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Yorkshire reveals plan to help first time buyers

Yorkshire Building Society is launching a package of financial and practical help for first time buyers.

Its range is led by a five-year fixed rate offset available for loans of up to 100% LTV and includes six months free mortgage payment insurance and a choice of 0.60 per cent loan value cashback or free legal fees and valuation fee.

The society is also offering its Fresh Start mortgage range to FTBs, with a six month interest-free period, and is available as a five-year fix rate with cashback, or five-year stepped rate tracker with cashback. None of these products have higher lending charges.

Dependent on customer circumstances, Yorkshire has increased the income multiples it will use for products fixed for five years or more. Multiples of up to 4.75 x salary are available on FTB products and Fresh Start.


Towry will switch to fees following acquisition

John Scott & Partners will look to turn Towry Law into a fee-based business following its acquisition of the firm. JS&P completed its 37m acquisition of Towry’s UK operations last week, creating a business with over 200 advisers servicing a client bank of around 150,000. Former JS&P executive chairman Andrew Fisher becomes chairman and chief […]

Home-grown talent

The success story behind Buckles’ graduate recruitment scheme

Endowment claims ‘could run to 2016’

Firms could be plagued by endowment misselling complaints until at least 2016 after a judge ruled that a red letter provided insufficient warning to a policyholder. The warning from compliance expert Adam Samuel follows a victory by endowment policyholder Vincent Cunningham over Friends Provident in the small claims court. The judge ruled that the red […]

‘Less than minimum wage for retirees’

The average UK worker will retire on less than the minimum wage, according to Fidelity. The fund firm calculates that an individual retiring on the current national average wage of 22,900 will receive a retirement income of 9,618 or 185 a week before tax. This compares with the 202 a week that full-time workers receive […]

Inheritance tax when it is relevant

Neil Jones is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. A trust can offer significant advantages when an individual is […]


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