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.
Mervyn King, governor of the Bank of England, voted for interest rates to rise 25 basis points in June, the minutes from this month’s Monetary Policy Committee meeting reveal. Although the majority of the MPC voted to hold the base rate at 5.5%, King, deputy governor John Gieve, Tim Besley and Andrew Sentance voted to […]
In his amusing column on June 18, Guy Anker, a Daily Mail personal finance reporter, blamed the Association of Home Information Pack Providers for not telling it how it is. But he fails to mention one crucial point. The pro-Conservative Party Mail will do anything to derail this government and since the HIP issue has […]
Advantage has been named as the top lender of the Regulatory Association of Mortgage Packagers’ May league table. The RAMP league tables are compiled on a monthly basis, formulated by performance data from the 11 full members of RAMP. John Rice, managing director of RAMP, says: “I would like to congratulate Advantage on this superb […]
Woolwich has launched a buy-to-let range to get around the short term hike in swap rates. The new fix and track will initially offer a one-year fixed rate at 5.99% to buy-to-let investors, after the first year the rate will revert to a lifetime tracker at 0.69% above base rate.This rate is available for mortgages […]
One of the areas that will be high on the new minister for pensions’ to-do list will be the forthcoming review of automatic enrolment (AE). The outgoing minister had regularly said that AE contribution levels would need to be revisited early in this parliamentary term, and new research by Jelf Employee Benefits reveals employer support for such proposals.
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