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Overseas advice centre at Expo

Last week, Goldsmith Williams Overseas hosted London’s first overseas legal advice centre the Mortgage Business Expo. Bringing together legal partners from countries including Spain, Cyprus and Turkey, attendees had the opportunity to get guidance on how best to advise clients considering buying property overseas.

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IN Partnership adopts Defaqto’s Aequos Engage

IN Partnership is to provide Defaqto’s Aequos Engage product selection tool as part of its partnership package. Following a review of all aspects of its business, IN Partnership has decided to move away from its long-standing supplier in favour of Defaqto. Defaqto’s Aequos Engage was launched earlier this year and is specifically designed for use […]

Woolwich launches combined fixed-rate and lifetime tracker

Woolwich is to introduce a product that is a combination of fixed rate and lifetime tracker.The mortgage is fixed for the first two years at 5.19% and then reverts to a lifetime tracker at 0.19% above base rate safeguarding consumers against further interest rate rises. There are no early repayment charges after the initial two-year […]

Rating watch could hit Rooftop securitisation

Rooftop Mortgages suffered a blow last week after Fitch Ratings put out a negative rating watch that could result in its second securitisation downgrading. The ratings agency put out the watch as a way of notifying the industry of its intent to take action which could result in a downgrade. When Fitch issues this sort […]

Pundits slam high income multiple deals as deadly

Industry pundits have slammed high income multiples on variable and long-term fixed rates as “dangerous” and “deadly”.Speaking at the Mortgage Business Expo in London, economist John Wriglesworth called for a ban on high income multiple variable rate products.He warns that variable rate options pose a dangerous and unacceptable risk to consumers.Wriglesworth says: “Variable rates with […]

UK policy: Kate Moss and short-termism

“Nothing tastes as good as skinny feels,” said supermodel Kate Moss, who is not often credited for her insights into policy making. Perhaps she should be. In politics, as in matters of diet, the course of action that is the best over the long term is often not the most desirable course of action in the short term. Add the instant gratification of the democratic electoral cycle and, instead of good policy making, you sometimes get the equivalent to a midnight binge in front of the fridge.

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The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.

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