View more on these topics

Three’s a crowd for Lloyd’s negative equity mortgage

David Hollingworth, mortgage specialist at London & Country, recently wrote a blog on Mortgage Strategy Online about Lloyds Banking Group’s mortgage for borrowers in negative equity. He mentioned that it was a shame brokers did not have access to the product.

But what carefully considered advice could actually be provided when no other lender in the current market will be able to assist?

Surely Lloyds should provide the advice as it is underwriting the deal and consequently making the decision to lend/port. Why complicate matters by having a third party involved?

No doubt most brokers would charge the customer a fee for ultimately the same outcome as speaking to Lloyds direct. I see no benefit other than to the broker in opening this option up to the intermediary market?

I would also like to add for the record Lloyds advisers can provide a full advice and recommendation service to customers.



Higher oil prices and VAT prompt inflation to hit 4%

Inflation hit 4% in January, up from 3.7% in December, the Office for National Statistics revealed last week. Two main factors that had an impact are the rise in the standard rate of VAT to 20% and the contin-ued increase of crude oil prices. In his letter to the chancellor explaining why inflation missed the […]

income protection claimants

Generation Rent

By Denise Wond, Marketing Relationship Manager, Royal London We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be Homeownership has fallen to 64 per […]


News and expert analysis straight to your inbox

Sign up