GE Money Home Lending has launched a series of improved mortgages in its igroup range to offer products more tailored to customers’ needs.igroup now offers three product ranges, with its traditional sub-prime product GEM 1 to 7 plans being incorporated into a sub-prime range. It also offers a near-prime range with a choice of fixed or discount products and rates from 3.99%, and a light adverse range with products built around the GEM 0 plans. Jerry Bell, marketing manager of First National Mortgage Company, says: “The big news with this improved range centres around light adverse. There are lots of people who have just a blip in their credit history and we must work out what we can do to help them. “Behind this exercise is that igroup has a reputation for being a sub-prime firm. But we have found that brokers are introducing increasingly clean customers and recognise there’s a different way to help these people.” igroup has segmented its light adverse range so its customers are offered products more suited to their individual situations. There will be plans in the light adverse range designed to cover varying demands.
From Andy Cowell While the thought of lenders having a Christmas sale (Mortgage Strategy Analysis November 28) is a great idea, Monty Burn has clearly started on the festive sherry too early if he is advocating following the Norwich Union route. Let’s face it, the carriage clocks were crap, as Gerald Ratner would say. And […]
While journalists usually dislike stating the obvious in stories, last week was a notable exception. The item in question quoted research suggesting small firms inhabit a more worrying and burdensome business environment than ever before.
Following the chancellors pre-Budget Report, residential investment specialist Vivacity says it’s disappointed in the U-turn on including residential properties in self invested personal pensions. Simon Halls, managing director of Vivacity, says: While we had always shared some concerns over the inclusion of overseas property and second homes as a suitable asset class for pension investment, […]
The Association of Policy Market Makers is highlighting that traded endowment policies can be invested within self invested personal pensions and could provide a relatively risk-free alternative investment for those who are now reconsidering their portfolio ahead of A-Day.Brian Goldstein, chairman of the APMM, says that many investors would be disappointed by the news that […]
With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.
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