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KRS backs government on Home Reversion plans

Key Retirement Solutions has welcomed the governments response to definition of Home Reversion plans

Dean Mirfin, business development director at Key Retirement Solutions, says: “We view this as a positive step in the process of achieving full FSA regulation for Home Reversion plans.

” We look forward to further consultation on how this new regulation could be enacted in smooth and timely manner which complements existing mortgage regulation.

“Home Reversion products currently account for only a small percentage of equity release plans sold, but with the widening perception that the housing market has reached its peak, their relative attraction is likely to increase.

“With this potential growth in 2005 and to build consumer confidence in the industry, we urge the government to implement these changes quickly in order to bring the entire equity release industry under one regulatory regime.”


Fight this tax with tea on the Thames tactic

Andy Valvona, director, Mortgage Next Network Stamp Duty is the oldest money-raising trick going. It has been about for well over 300 years and is the oldest tax which is administered by the Inland Revenue.Stamp Duty was levied in the UK for the first time in 1694 towards carrying on the war against France. It […]

SLB appoints five account managers

Standard Life Bank has strengthened its sales field force with the appointment of five account managers.The appointees will work directly with intermediaries in the Glasgow, Leicester, Liverpool North, Liverpool South and Brentwood regions.RusselI Walker has been appointed account manager for Liverpool South. Walker joins from mortgage packager LMS where he was business development manager.Walker also […]

UK recovery has passed its peak, says Experian

Experian has warned that the UK economy will not deliver Gordon Brown’s latest estimates for growth because the current cycle has now peaked, reveals Experian.Dr Neil Blake, director of economics and forecasting at Experian, says: “UK growth will reach 3.1% this year, but slow to 2.8% in 2005, well below the Treasury’s estimate of 3-3.5%.”“Not […]


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