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High SVRs are mad and mean lenders will lose business

I was intrigued to read that’s research seems to show the majority of borrowers would be better off remortgaging.

It appears to me that there will be casualties in the industry as lenders with the highest SVRs are priced out of the market. It’s ludicrous to charge high SVRs when the base rate is just 0.5%.

I wonder how hard or easy it will be for self-cert mortgage holders to remortgage when there have been no changes in their circumstances, and at what rate.

It just goes to show that brokers are still valuable.



Pension savings-2015

Overseas transfer charge

By Jim Grant, Senior Product Insight & Technical Support Analyst, Royal London Transfers to overseas pension schemes are not recognised transfers unless the transfer is to a Qualifying Recognised Overseas Pension Scheme (QROPS). A transfer to an overseas pension scheme that isn’t a QROPS is therefore an unauthorised payment and taxed accordingly. However, even if the […]


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