Mr Harris has worked as a self-employed IT contractor for six months. He expects to earn £45,000 in his first year but does not have audited accounts to prove his income. He has three CCJs totalling £1,800, which were registered seven months ago prior to his first contract. They remain unsatisfied. He is looking to buy a flat for £95,000 and has a deposit of £10,000.
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Homebuyers will be offered fee-free and independent mortgage advice later this year with the launch of nationwide master-brokerage Crystal Clear Mortgages.Though it will not have a formal panel, Crystal Clear is in talks with over 20 lenders including Scottish Widows, Standard Life, Halifax, Abbey National and Birmingham Midshires as it prepares to launch the service.Crystal […]
The definition of advice in the consultation draft of the Regulated Activities Order is final, says the Treasury.Strategic or generic advice will not be regulated following the format for investment advice and only advice on the merits of a particular mortgage will be captured.The Treasury registers the concerns of respondents who sought greater clarity between […]
Skipton Building Society has announced the creation of the Skipton Information Group, a separate business information arm. The new body will be made up of its consumer credit reference agency Callcredit, database marketing company EuroDirect, market analysis firm GMAP Consulting, and e-commerce software business CAST Systems. David Coates, managing director of Callcredit, says: “Increasingly our […]
IFA RJ Temple PLC has kicked off a campaign to save clients money and benefit the Southern Africa Crisis Appeal. The Lifeline campaign offers people a free quotation service for life assurance. For each quote that is lower than the person's current premium, RJ Temple will donate £10 to the charity appeal. Even if it […]
In this short video, Azhar Hussain, head of global high yield at Royal London Asset Management, explains how his team balance bottom-up with top-down research in constructing multi-asset credit portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up […]
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