View more on these topics

Home & Capital survives acquisition

Equity release specialist Home &; Capital says it is still open for business following the acquisition of its parent Sovereign Reversions by Grainger, owner of Bridgewater Equity Release.

Graeme Marshall, chief executive of Sovereign, says Home &; Capital continues to trade as a separate brand within the Grainger group and nothing has changed in the way it deals with customers, advisers and other stakeholders.

He says: “Home &; Capital has always been committed to the growth of the sector and our acquisition by Grainger provides us with the financial strength to develop our services.”

Peter Couch, chief operating officer of Grainger, says the acquisition of Sovereign shows its commitment to the equity release market.

He says: “The enlarged group’s position as a leading equity release provider has been strengthened by this move. Customers and shareholders will benefit from economies of scale, an enhanced ability to access finance and a widening of our distribution and marketing capabilities.”


Sub-prime lending rises from the ashes

Sub-prime mortgages blew a $2trillion hole in the US economy and caused a worldwide meltdown in financial markets, stopping just short of igniting a second Great Depression. Well guess what – sub-prime lending is alive and well again in the US. OK, I’m getting a bit ahead of my story but mortgage companies on this […]


Defend yourself by sharing suspicions

Fraud levels are up – there’s no denying it. KPMG’s Fraud Barometer shows that the value of mortgage fraud nearly quadrupled in the first six months of 2010. Of course, in terms of the number of cases the rise is less headline-grabbing – 21 cases compared with 18 in the same period last year. But […]

Concern grows for interest-only as Coventry scraps it for first-timers

The future of interest-only mort-gages was called into question again last week, with Coventry Building Society dropping it for first-time buyers. Coventry, the UK’s third largest society, will only offer interest-only to home owners and only up to 75% LTV. Any proportion of the loan higher than this must be on a repayment basis. And […]


News and expert analysis straight to your inbox

Sign up