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SHIP welcomes Retirement Plus

Safe Home Income Plans has welcomed Retirement Plus into its fold. The equity release industry body granted it membership recently, taking the number of SHIP members to 20.

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B&B returns to market with FTB deal

Bradford & Bingley returned to the lending market last week with a first-time buyer product that it plans to offer to brokers through Mortgage Express later in the year. The Professional First-Time Buyer mortgage is B&B’s first in five years and is aimed at young professionals who are looking to buy their first home but […]

NU raises rate on index-linked lifetime mortgage

Norwich Union is raising the interest rates on its Index-linked lifetime mortgage plans from Monday June 19 2006.The annual interest rates on the index-linked lifetime mortgage will be a minimum of 4.69% (4.9% APR) and maximum of 9.93% (10.2% APR). Pipeline cases will be given until Friday 14 July 2006 to complete to qualify for […]

JEREZ 2006: Toxic equity release market puts brokers off

Concerns are mounting that brokers are shying away from offering equity release products due to their perceived perception from both the public and the regulator.Delegates at this mornings opening session on new business opportunities said that they had steared clear of the market due to the associated risks.The Financial Services Authority has previously called the […]

Misys considers buyout proposal

Misys has received a request from “certain members” of its senior management team to explore the possibility of making an offer for the business. An independent committee of the board has been established to consider the request.

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Mothers missing out on millions

New HMRC figures show number of ‘mothers missing out on millions’ in pension rights has doubled in two years – Steve Webb Figures published on 24th March by HM Revenue & Customs show a doubling in the number of mothers missing out unnecessarily on vital pension rights because of a change in the rules on Child […]

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