View more on these topics

Lenders must cater for rise in home working

A report from Standard Life Bank and the Future Laboratory on the future of work in the UK claims 12 million people will be working from home by 2020.

The report says mortgage providers will have to be flexible to cater for clients’ changing needs.

Home workers spend 149m running their offices and 69% plan to invest more as they spend more time working from home.

Ashley Ramsay, marketing manager of Standard Life Bank, says: “Some eight million Brits work from home and another two million spend at least one day a week there. The structure of our homes is changing.”

Mehrdad Yousefi, head of intermediary mortgages at Alliance & Leicester, says: “Life is changing with more people working at home. As a lender we must keep track of trends.”


Elephant float is oversubscribed

Ahead of its AIM flotation scheduled for November 23 Elephant Loans & Mortgages has announced that the float is oversubscribed. As of Thursday November 17, the company confirmed that over 21 million shares had been sold at 3p per share. This represents a total of 10.34% of the issued share capital of the company immediately […]

Cummings warns broker delegates

In his opening speech at the Mortgage Business Expo, Association of Mortgage Intermediaries director-general Chris Cummings warned that year on year change had not only undermined consumer confidence but also impaired brokers’ ability to do business. But, he says, regulation is a necessary evil that brokers must make work. Cummings says brokers must improve administration […]

Go-ahead mutuals make net progress

While the familiar names retain their lead, this year’s lender website study shows considerable progress being made by specialist lenders and building societies, says Frank Eve

Brokers urged to get into commercial mortgages

Commercial First is urging intermediaries to take advantage of the “untapped potential” of commercial mortgages as the market is poised to boom over the next 10 years. Philip George, managing director of Commercial First, says that the rising number of small businesses and the attractions of being self-employed mean now is a good time to […]

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.

Read more

Important information

Investment risks

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.


News and expert analysis straight to your inbox

Sign up