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MDA and NHBC team up on HIPs

Home Information Pack provider MDA Advantage and the National House Building Council are to work together to develop the packs.

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Salt unveils B2L deals for brokers

Salt has launched a range of buy-to-let mortgages to the intermediary market. Following its self-cert and sub-prime ranges, Salt is offering a three-year fixed rate buy-to-let at 5.60% and a three-year base rate buy-to-let tracker at 5.75%. The buy-to-let range offers rates at up to 90% LTV with a rental cover requirement of 115%.

FSA signs agreement with the CFTC

The Financial Services Authority has signed a Memorandum of Understanding with the United States’ Commodities and Futures Trading Commission to strengthen cooperation on the exchange of regulatory information.The MoU was signed by Reuben Jeffrey III, CFTC chairman, and Callum McCarthy, FSA Chairman, at the third IOSCO technical conference in London. McCarthy says: “This agreement builds […]

Capita buys software firm

Capita has bought software provider Synaptic Systems. Synaptic tools allow IFAs to research markets including pensions, life, health, investments and mortgages.

Lib Dems round on banks

The Liberal Democrats have warned the government not to rely on banks to tackle social exclusion. Last week the Treasury Select Committee report published a report that slammed financial organisations for charging poor people proportionally more. Vincent Cable, shadow chancellor for the Lib Dems, says: “Some banks regard current accounts as a nuisance and have […]

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