Research from Paragon Mortgages shows the amount of interest-only business submitted by brokers increased from 11% to 26% between 2004 and 2007. The lender says borrowers and brokers are increasingly opting for interest-only mortgages in preference to repayment deals.
Home Buyer Systems has launched a stand alone Treating Customers Fairly system for mortgage and general insurance firms.The new system will cover the key elements needed to ensure delivery of the six Financial Services Authority’s TCF outcomes. The facility covers financial promotions, complaints handling, and customer communications.For the financial promotions checking and sign off process, […]
Paymentcare.co.uk has slammed single premium payment protection insurance policies, describing them as not being in the best interest of consumers. It says standalone PPI policies offer customers a viable alternative to lenders’ costly offerings and provide better value for money.
The past decade’s trend towards repayment mortgages over interest-only deals maybe beginning to turn, the latest research by Paragon Mortgages reveals.Paragon says that since 1996 there has been a demise of endowment mortgages as people lost confidence that their policy would generate sufficient funds to repay the original loan. Instead a growing number of home […]
One of the most important issues facing the market is payment protection insurance, with the Financial Services Authority and the Office of Fair Trading conducting wide-ranging reviews of the product.
Whether you’re a small company or an established larger employer, expanding overseas into emerging markets can be an extremely attractive prospect for growing your business. However, with this comes a duty-of-care requirement to any staff based overseas.
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