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AToM to launch IVA proposition

Packagers are the way forward for the distribution of individual voluntary arrangements, says All Types of Mortgages.

The firm is launching its own IVA proposition, backed by accountant Grant Thornton. The AToM IVA will be open to clients who owe creditors more than £15,000.

The packager says the only way to clean up the industry and make it an option for brokers’ clients is to provide IVAs through packagers.

Richard Hearn, managing director of AToM, says: “I’m sure other packagers will take up the idea as they are in the perfect position to advise on such products. The AToM IVA will assist brokers’ advice processes and is better than using unscrupulous IVA providers without advice.”

Dev Malle, director of Personal Touch Financial Services, says: “Grant Thornton is a reputable firm, which is key to the AToM IVA. But although AToM knows a lot about sub-prime, a qualified adviser must recommend its IVA.”


UCB reprices range

UCB Home Loans is slashing rates on its self-cert and buy-to-let two-year trackers.At the same time, it will be increasing fixed rates on prime self-cert and buy-to-let two, three and five-year products.It will also be increasing the fixed rates on very near prime self-cert and full-status, as well as on prime full-status two and three […]

Government HIP spend unveiled

The Government has spent over £82,000 promoting Home Information Packs and energy performance certificates in the south-east alone it emerged last week. The total figure for the entire country will be much higher – between April 2006 and May 2007 the Department for Communities and Local Government placed a total of 852 advertisements in the […]

TML in talks for 50-year mortgage

The Mortgage Lender says it is in talks with an unnamed lender about launching a 50-year mortgage.The brokerage says there is no reason why mortgage terms should be restricted to 25 years, especially with the pensions crisis and people living longer working against traditional terms.David Titmuss, managing director of TML, says: “More people are looking […]


Guess what, swap rates continued to increase last week, with longer term swaps posting the biggest weekly increases I can remember. Two-year swaps are now at 6.25% so the markets are pricing in three base rate increases. Two-year swap rates have now gone up by 0.7% in the past three months or so.

Europe: Nursery slopes

After a flat year for European equities, in which the Artemis European Growth Fund outperformed, manager Philip Wolstencroft is (cautiously) optimistic about 2016.


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