European commercial properties may become bigger money-spinners than UK alternatives, fund manager and property analyst Seven Dials predicts.
My clients want to take out an interest-only mortgage and switch to a repayment mortgage in a couple of years. They have been renting for over three years but are not first-time buyers. Both work in London and earn basic salaries of 35,000 and 30,000 respectively. They also receive bonuses and commission. They want to buy a home in the next couple of months and have savings of 30,000 but two County Court judgements, with the latest registered four months ago. Is this a wise option?
Tudor has revealed that it now offers online applications for over 20 of its lenders.Jason Rogerson, managing director of Tudor, says: Technology developments are the key to packagers and distributors prospering over the coming year or two. “Those companies that dont grasp technology with both hands simply wont survive.From a practical point of view we […]
Cheval has reported net sales growth of 55% in 2006. It attributes the increase to its approach to bridging, with LTVs viewed only as a guideline and not an obstacle. Cheval also believes the growth was also fuelled by its investment in service delivery and transparent bridging.Mark Posniak, director of sales and marketing at Cheval, […]
Nationwide is increasing the rates on all of its variable rate and tracker mortgage products by 0.25% on February 1. The base mortgage rate will be increased from 6.49% to 6.74%. The society is also increasing the rates on its variable rate savings products at the same time as mortgages. Stuart Bernau, executive director of […]
Steve Webb, Director of Policy and External Communications, Royal London New analysis by mutual insurer Royal London has found that over three million people working for larger employers are failing to take up around £2bn a year which their employers have offered to contribute to their workplace pension schemes. In many workplaces, workers pay a […]