View more on these topics

Santander woos IFAs in race to buy Abbey

The wooing of IFAs came as a result of rumours that Santander would increase the number of mortgages sold through branches to 50%, at the expense of intermediaries.

Santander has countered that it has no intention of reducing Abbey&#39s dependence on IFAs and that Abbey would remain a UK-based bank.

All things going to plan, it hopes to have the aquisition of Abbey over by November. Things could be complicated by a rival bid from HBOS, although some in the industry strongly believe that any bid would be blocked by the competition authorities.


Should networks urge their members to avoid describing themselves as independent?

Sally Laker is managing director of Mortgage IntellingenceWe are more than happy for our brokers to describe themselves as independent if they wish. Many are keen to do so and we have no desire to interfere unnecessarily with the day to day running of their firms. About a year ago we asked potential members what […]

Online storage facility launched

With nearly one million British homes burgled in 2003, a house fire every few minutes and British holidaymakers being robbed to the tune of £300m, it&#39s hoped the new internet venture will help both victims and their insurers. Designed to substantially minimise the impact of loss, theft or damage comprises an online safebox in […]

Guaranteed rents for buy-to-let investors save taxpayers millions

This was revealed this week as the partnership between buy-to-let investors and the London borough of Hillingdon and managed by Orchard & Shipman plc celebrated its second anniversary by showing how savings on community housing can exceed £1.5m every year for every 1,000 properties. This public sector leasing partnership with individual private investors provides a […]

Your Mortgage Options receives full FSA authorisation

The Grant of Permission Part IV of the Financial Services and Markets Act 2000 enables YMO to conduct Mortgage and GI business as a principle with effect from October 31, 2004. David Espin, compliance director for YMO, says:”We are all very pleased that we have received confirmation of our authorization as this will enable YMO […]

Frexit & contagion risk in Europe

Many commentators have suggested that the UK’s exit from the European Union will trigger a domino effect, leading to its eventual break-up. Neptune’s Rob Burnett discusses the likelihood of this happening. Read more: Important information Investment risks Neptune funds may have a high historic volatility rating and past performance is not a guide for future […]


News and expert analysis straight to your inbox

Sign up