View more on these topics

Bank opens Mallorca branch

Banco Halifax Hispania has opened a branch in Mallorca. The bank, which has 21 branches across Spain, will open other branches away from the mainland this year, in the Canary Islands and Menorca.

Recommended

Things are falling apart and PPI refunds remain unfair

Is it just me or are things getting worse? We are seeing weekly changes to fixed rates as lenders do headless chicken impressions every time the Bank of England tosses a coin over the base rate. I receive emails kindly informing me that product ranges are being withdrawn and new ones introduced, only for everything […]

TML developing 50-year term mortgage

The Mortgage Lender says it is in talks with an unnamed lender about developing and launching a 50-year mortgage.TML says homebuyers will be forced to rethink how they finance their properties as the 10 x salary mortgage approaches.David Titmuss, managing director of TML, says: “We are in talks with a lender about launching the 50-year […]

Fraud arrest may hit Spanish loans

One of Spain’s largest banks is believed to have frozen non-residential mortgage applications after one of its introducers was arrested for mortgage fraud.The Spanish authorities raided the offices of a brokerage based on the Costa Blanca and arrested the proprietor on the grounds of providing false documentation to banks.As a result Caja Mediterraneo, the bank […]

Brokers confident about coming year, says Paragon

Brokers’ exectations for growth in mortgage business over the next year remain strong despite interest rate rises, research by Paragon Mortgages reveals.On average, brokers predict that business will increase by more than 6% over the next year, which is the highest expected rise since 1999.Nearly 70% of the financial advisers questioned said that recent interest […]

Pensions - thumbnail

Changes to capped drawdown tables

The tables used for capped drawdown maximum income calculations have been updated. We look at the reasons for the change and what the impact could be. Changes to capped drawdown tables Capped income drawdown involves taking a pension directly from a fund instead of buying an annuity. However, there’s a limit on the maximum amount […]

Newsletter

News and expert analysis straight to your inbox

Sign up