Chelsea has launched a helping hand mortgage for first-time buyers exclusively through Openwork.First-time buyers can use the income of parents or close family members. Up to three incomes can be used and there can be up to four applicants. The term of the product is based on the child’s age rather than the parent’s. The helping hand fixed product has a rate of 5.19% fixed until September 30 2009. The helping hand tracker mortgage tracks Bank of England base rate plus 0.25%. Paul Shearman, mortgage proposition director at Openwork, says: “This mortgage offers flexibility and independence coupled with the security of a reputable high street name.” To coincide with the launch of the product, Chelsea asked consumers whether they would ask their parents for money and found twice as many people would rather ask their mother for money than their father. Dads in the South-West hold on to their money longest with only 3.6% of people quoting them as first choice, while fathers in London had better start saving as they are the most approachable.
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Yorkshire Building Society Charitable Foundation has donated over 2m to more than 3,600 charities and local good causes in the last seven years The foundation which began in 1999 made 424 donations last year totalling 314,300. This year over 700 local charities and good causes have already received donations.The Charitable Foundation receives much of its […]
em-, is holding a roundtable events on July 12 at the St Davids Hotel & Spa in Cardiff.The Cardiff event will focus on em-s varied offering and will give brokers the opportunity to find out how they can improve their revenue streams not only via the offer of free valuations and no application fees across […]
Banks could cash in on changes to the way the legal sector is regulated and buy conveyancing firms. The draft Legal Services Bill, published in May, proposes to reform the way legal services are regulated by establishing the Legal Services Board and put consumer interests at the heart of the regulatory framework. The draft also […]
The return of US lenders to the buoyant UK mortgage market is down to their big swinging dick mentality as they seek to ensure they play in the same growth markets as their key competitors.This surprising remark was made by Peter Beaumont, deputy chief executive of Mortgages PLC a wholly owned subsidiary of US investment […]
Many commentators have suggested that the UK’s exit from the European Union will trigger a domino effect, leading to its eventual break-up. Neptune’s Rob Burnett discusses the likelihood of this happening. Read more: Important information Investment risks Neptune funds may have a high historic volatility rating and past performance is not a guide for future […]
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