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Legal & General Partnership receives full authorisation from FSA

This confirms that the partnership will be fully authorised to trade under the regulatory regime which takes effect on October 31.

Graham Newitt, Legal & General&#39s managing director of intermediary solutions, says: “We are delighted to receive full authorisation from the FSA. The Legal & General team have worked extremely hard to develop and deliver a market-leading proposition, and the tremendous response from advisers has confirmed what we all believe internally &#45 that the Legal & General Partnership will offer the best network proposition in the market.”


Mortgage Portfolio Services gets official authorisation

This applies to regulated mortgage contracts from 31 October 2004 and non-investment insurance contracts from January 15 2005. Simon Chalk, principle of Mortgage Portfolio Services, says: “I&#39m obviously chuffed to get permission in advance. It shows that if there&#39s anyone out there who is wavering or concerned they should hang in there and not rush to […]

Pressure grows to ease Stamp Duty burden on first-time buyers

With recent provisional figures by the Inland Revenue showing proceeds from its Stamp Duty regime have risen threefold over the past seven years the debate over its impact on the housing market has once again moved it into the Westminster spotlight. Analysts have interpreted Tony Blair&#39s early September vow to help those struggling to buy […]

The Money Centre joins forces with walkermorris OnLine

The resource is geared up specifically with property investors in mind. Visitors to The Money Centre website will be able to take advantage of walkermorris OnLine&#39s e-based, extended-hours conveyancing service, where communication is made via phone, e-mail, fax or post and your case progress can be tracked on walkermorris OnLine&#39s website. Electronic management of information […]

Yorkshire launches two-year trackers with no tie-ins

The deals offer homeowners a tracker rate set at 0.25% below the Bank of England base rate, currently 4.50%. Borrowers just moving their mortgage will pay Bank of England base rate for two-years. A third two-year tracker mortgage, without any fees and offering a contribution to legal and valuation costs, is also available at Bank […]

Champion the small-scale developer

Traditional development finance must price in project and liquidity risk, but if your project is completed and you have begun selling units you could be eligible for cheaper funding, writes Matthew Tooth of Lendinvest. A product which prices purely for liquidity risk is one way to help developers lower their costs. This type of product allows […]


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