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Mortgage Plus relaunch a success

BM Solutions says the number of decisions in principle for Mortgage Plushave trebled since the product’s relaunch earlier this month. Tim Hague, managing director of BM Solutions, says: “The response from brokers to this product has been phenomenal. Criteria changes to Mortgage Plus have meant that more brokers are using us for 125% LTV deals.”

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Scratching my head at SHIP U-turn

I am rather confused this week, what with HBOS’ decline and the mixed signals on rates, but SHIP has left me bewildered by its backtrack on lifetime mortgage qualifications, says Sue Read

Broker fees in the tabloid spotlight

Kevin Paterson takes a weekly look at the latest developments in the market and brings you what’s hot and what’s not in the world of mortgages

Advantage rejigs sub-prime range

Advantage has launched a sub-prime product range including two-year fixed rates from 5.79%. Keith Dearling, managing director of Advantage, says: “We have created a range of new products that better suit the needs of today’s sub- prime borrowers, including innovative criteria, competitive rates and a new name structure.”

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Changes to capped drawdown tables

The tables used for capped drawdown maximum income calculations have been updated. We look at the reasons for the change and what the impact could be. Changes to capped drawdown tables Capped income drawdown involves taking a pension directly from a fund instead of buying an annuity. However, there’s a limit on the maximum amount […]

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