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Golf perk for secured business

Access Broker Services has launched an incentive scheme for intermediaries who introduce secured loan business. The prize includes flights, transfers, accommodation and entrance tickets to the 2007 Masters golf tournament in Augusta, US.

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IDDs and affordability is a worry, says FSA

The Financial Services Authority says it still has concerns about Initial Disclosure Documents, with one out of two containing five or more errors.Speaking at the Mortgage Business Expo, Clive Briault, managing director of retail markets at the FSA, says although the regulator has been encouraged by the fact that consumers find Key Facts Illustration and […]

Poor pay most for credit, says McFall

Poor people who get access to credit pay the highest charges for it, says Treasury Select Committee chairman John McFall.The MP says early action is needed to tackle high-cost credit and illegal lending if the government is to make serious progress in combating financial exclusion.McFall’s warning comes after the publication of a committee report analysing […]

MP hails Mortgage Strategy as GE cancels repossession.

MP Siobhain McDonagh has thanked Mortgage Strategy for helping save two of her constituents from repossession over a high interest load of 21.9% from GE Money.But the Labour MP says she still has concerns over the way the loan was sold and its high rate which she described as “astonishing”.As exclusively revealed in Mortgage Strategy […]

8 x income products could be on the horizon

Technical director of Hamptons Mortgages Jonathan Cornell predicts that 8 x income multiple products could well be on horizon.Speaking at the Mortgage Business Expo in London today Cornell says that the current raising of the bar of income multiples by lenders is a natural effect of product innovation on the mortgage market.He says: “We are […]

The return of inflation

Alex Ralph, manager of the Artemis High Income Fund, sees further pressure on government bonds as inflationary pressures build on both sides of the Atlantic.

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