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Commercial First appoints BDM

Commercial First has appointed Sally Williamson as BDM for Northern Ireland. She joins from InterBay and has a decade of experience in mortgages and financial services, including a period as a self-employed mortgage broker and a spell at Friends Provident.

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Mortgage savings increase, says Moneyextra

Moneyextra.com says the savings available by choosing the right mortgage have actually gone up in the last three months despite rising mortgage rates. The annualised savings available on the average mortgage amount have risen from £2,832.00 to £3,132.00, even though interest rates have risen.Robin Amlôt of Moneyextra.com, says: “Getting your mortgage right is the key […]

Rents continue to rise, says Paragon

Average rents are continuing to rise, the latest data from Paragon Mortgages reveals.The lender says average annual rents has risen every month since November 2006, to reach £10,702 in May. This is 1% higher than April’s figure of £10,591, and up 9.7% on November’s figure of £9,665. John Heron, managing director of Paragon Mortgages, says: […]

AIFA praises FSA for its “robust” compensation scheme proposals

The Association of Independent Financial Advisers has praised the Financial Services Authority’s for its proposed reform of the compensation scheme as “robust” and “fair”.Chris Cummings, director general of AIFA, says: “The compensation scheme is a vital regulatory safety net which helps maintain consumer confidence in the financial services industry, but it is in need of […]

Foreign aid for sophisticated clients

Foreign currency mortgages managed by specialists can offer substantial advantages to high income clients so brokers should consider offering this facility, says Cormac Naughten

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