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.
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 I receive emails kindly informing me that product ranges are being withdrawn and new ones introduced, only for everything […]
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 […]
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’ 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 […]
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 […]
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