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Yorkshire names its man to lead launch into B2L

Yorkshire Building Society has confirmed plans to launch into the buy-to-let sector and is likely to offer the products through its intermed-iary brand Accord Mortgages (Mortgage Strategy February 7).

To lead its entry into the sector the society appointed Jeremy Law, Mortgage Express’ former head of buy-to-let last week.

Most recently Law was Bradford & Bingley head of commercial relationship management supervising a team of relationship managers looking after buy-to-let customers.

A spokeswoman for Yorkshire says: “We are currently working on the possibility of pursuing new lending in this area of the market and we expect our buy-to-let operation is likely to include Yorkshire’s intermediary lending subsidiary Accord Mortgages.”

In last week’s issue of Mortgage Strategy we revealed that Yorkshire was looking at offering buy-to-let.


High LTV costs paving way for top-up loans

The cost of high LTV mortgages could lead to top-up mortgages becoming more common, says Ray Boulger, senior technical director at John Charcol. Boulger says because of expen-sive rates at 90% LTV borrowers could find it cheaper to use a 75% LTV mortgage with a 15% secured loan top-up. But he says: “There is clearly […]

We need to know the details of the Project Merlin deal

Chancellor George Osborne has reached a deal with major banks to raise business lending by £10bn this year. Osborne says Project Merlin, which involved discussions with Santander, HSBC, Royal Bank of Scotland and Lloyds Banking Group, will mean £76bn of small and medium-sized enterprise lending. That represents an increase from £66bn in 2010 and Osborne […]

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(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.


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