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Equity release thriving in crunch

The housing market is slowing and new mortgage volumes are falling – it’s a story we are familiar with, but the equity release market is thriving. Safe Home Income Plan’s Q2 figures, which came out this week, demonstrate how equity release is resisting the credit crunch with a 14% increase in business – an encouraging scenario considering the current economic climate.

GEMHL reassures brokers

GE Money Home Lending has confirmed it is here to stay and has no intentions of exiting the specialist mortgage market, after dramatically increasing its rates yesterday.

Lloyds TSB buys HBOS for £12.2bn

Lloyds TSB has bought beleaguered UK lender HBOS for £12.2bn.Under the terms of the deal, HBOS shareholders will receive 0.83 Lloyds TSB shares for every one HBOS share they own. Lloyds TSB’s share price closed September 17 at 279.75p, so it values HBOS at 232p per share.Existing Lloyds TSB shareholders will own approximately 56% of […]

FSA bans Southall mortgage broker

The Financial Services Authority has banned Asim Hussain based on the fruits of the Information from Lenders anti-fraud programme.

Diversified cashflows are key

Dividends are under pressure in some areas: but reliable yields can still be found. So says Adrian Frost, manager of the Artemis Income Fund, in conversation with Lawrence Gosling.

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