Whoever said that throwing money at a problem doesn’t solve it clearly hasn’t told chancellor Alistair Darling. Last week’s pre-Budget report did little to allay fears that the economy is spiralling out of control. Despite Darling’s promise to bring the UK’s finances back into balance by 2016, the chancellor and the government have been accused of recklessness.
The chancellor has pledged to make over 15m available to fund free debt advice – 5.85m for telephone charities and 10m for face-to-face advice.
The UK has always displayed an air of arrogance about its mortgage market in comparison with the rest of Europe, but we Brits have been silenced in recent months and are no longer boasting of our mortgage market triumphs.
Brokers received an early Christmas present from the Bank of Scotland last week when the lender said it would start paying proc fees on its online product transfer and further advance deals.
By Ian Smart, Product Architect, Royal London In an ideal world, clients would be able to afford as much protection cover as they wanted, but few would describe current times as anything approaching ideal. But this doesn’t mean that they have to indulge in an either/or decision that results in missing out on some essential […]
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