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One-year deal proves popular

Beacon Homeloans says its 2.4% one-year discount mortgage is proving popular among its packaging partners and supporting intermediaries. Clive Wilson, head of sales for Beacon, says: “Our one- year discount complements our two and three-year fixed rates.”

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Brits opt for French mortgages, says Assetz

People buying holiday homes in France are increasingly taking out French mortgages rather than buying with cash, says Assetz Finance.Traditionally, the majority of British purchasers of French holiday homes to use personally have purchased their property outright, without any loans, using savings, inheritance or equity release on their UK property to finance the purchase. Investors […]

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 […]

Employers pessimistic about their company’s prospects

Employers are less optimistic about their companies’ prospects than they were six months ago as rising costs significantly squeeze their profit margins, the latest CBI/RDA survey of Regional Economic Trends reveals. Despite increases in orders, output, employment and prices employers report their margins have fallen significantly in the year to September and expect them to […]

TMB unveils superhero logo

The Mortgage Business has unveiled a new logo, calendar and supporting cast of superhero characters at the Mortgage Business Expo. The characters are designed to represent the best attributes of the lender and reflect a sense of fun and personality. Nigel Payne, managing director of TMB, says: The TMB calendar has become a regular fixture […]

Embrace simplicity!

By Fiona Holmes, proposition communications manager When I first took out critical illness cover, I was overwhelmed. It wasn’t just the form filling, it was finding out about the sheer number of illnesses I was covered for. Did it give me peace of mind that I was covered for neuromyelitis optica or systematic lupus erythematosus? […]

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