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Calls for 14-day cooling off period on overseas deals

Conti Financial has called for a mandatory 14-day cooling off period on all overseas deals.

Simon Conn, managing director of Conti Financial, says: “I believe there should be a mandatory 14-day cooling off period where all international property deals are concerned.

“Too many people run into these deals like headless chickens, without thinking anything through. People only get one shot at this and these deals are their life-long dreams. So let them come home, stop, think and talk to an independent adviser.

“Many countries have different laws and different demands that should all be taken into account before signing anything.”


Tories pledge to bring transparency into state spending

The Conservative Party has unveiled a new scheme enabling taxpayers to discover how their tax money is spent by the government.Shadow chancellor George Osborne has announced plans for legislation to bring transparency into state spending by requiring the Treasury to set up and run a special website showing where the government is allocating resources collected […]

Stonehaven to join SHIP

Safe Home Income Plans, the UK equity release industry body has welcomed Stonehaven Equity Release to its group.SHIP represents over 90% of the equity release sector and enforces code of practice and professional rules of conduct bind all of its members. All providers who apply to join SHIP must have products and processes that comply […]

Britannia offers 40-year deal

Britannia Building Society is increasing its maximum mortgage term to 40 years.Tim Franklin, managing director of Britannia’s Member Business, says: “As a responsible lender we have looked at ways for first time buyers to overcome initial affordability requirements and decided to review our existing 30 year mortgage. There will be the opportunity to reduce the […]

HBOS reaffirms commitment to broker sector

HBOS has reaffirmed its commitment to the intermediary market and says broker distribution remains integral to its future. At HBOS’ key intermediary dinner last week Andy Hornby, chiefexecutive of HBOS, gave guests an overview of the mortgage market and says its performance in 2006 has exceeded expectations. He says the long-term potential of the housing […]


Guide: what you need to consider for your auto-enrolment project

In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.


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