View more on these topics

The Mortgage Mole

Terry’s other talent It’s not often that news about the mortgage market hits the front page of The Sun.

But Mole was intrigued to see last week that Chelsea captain John Terry has allegedly remortgaged his property four times.

At first Mole wondered if it was merely a case of the footballer heeding the advice of mortgage brokers and remortgaging for the best deal, or that he couldn’t make up his mind about whether to fix or track.

But alas, it would appear that Terry has remortgaged the property he bought in 2003 for £2.25m to a whopping £4.65m.

He is also reported to have remortgaged his mother-in-law’s £3.15m mansion.

If Terry’s football career ever dries up, Mole thinks he could have a promising career as a mortgage broker – if nothing else he could advise on the virtues of remortgaging.

Heads-down winner Finally, Mole has long dreamt of giving up his hole and making millions with a patent-pending head hammock, so he was disturbed to see on the internet last week that someone has developed a superior product – the office sleeping bag (see left).

For those of you keen to get some shut-eye between those hard-to-place cases, your long search could finally be over.

Hopefully global mass production is just around the corner.


Unfair contracts may scupper lender moves to switch interest-only clients

The Financial Services Authority has warned lenders that they may not be able to switch interest-only customers to a repayment mortgage if the wording in their contracts is unfair. Last week the regulator issued guidance to lenders after it found a number of switching terms in their contracts may be potentially considered unfair or not […]

steven nicholas

Bridging not right for any old lender

January can often be a quiet month as people recover from their festive overindulgence, catch up on work and pledge to detox for the rest of the month.

Pensions - thumbnail

Preparing for the changes to the pensions market

As more and more providers start to reveal their stance on the charge cap and removal of commission and active member discount pricing, we thought it would be worthwhile to look at what these are, and the steps businesses should be taking to prepare for this.


News and expert analysis straight to your inbox

Sign up