View more on these topics

Abacus Permanent launches product range

Newly launched lender Abacus Permanent has launched its first product range covering self-cert, buy-to-let and full status mortgages.

Abacus, launched last month by Mortgage 2000 with funding from Bristol & West and Preferred Mortgages, offers three self-cert, three buy-to-let, five full status cashback products and a three-year prime stepped discount.

These initial launch products have no overhanging redemption penalties and offer market-leading rates and highly competitive procuration fees. First-time buyers will be attracted by the 5% cashback products, available up to 95%, with a choice of a three or five-year discount.

Marc Turner, head of sales at Abacus, says: “As promised at our launch, we now have the first tranch of a great new range of very competitive products to offer intermediaries. We have specifically looked at offering good value products without the sting of extended redemption periods.

“Not only will intermediaries find these products easy to sell, they will also welcome the competitive level of procuration fees that Abacus is paying. Initial enquiries and feedback from intermediaries has been very positive.”

Intermediaries using Abacus will be able to track their cases online throughout the whole application process and Abacus can also provide guaranteed decisions through direct access to its underwriters.

To supplement the current range, Abacus has plans for a full range of adverse products scheduled for launch mid-December.


Huntswood appoints Thomas as sales director

Huntswood, the provider of professional services to the retail financial services industry has appointed Dan Thomas as sales director.Huntswood has operations across Reading, London, Manchester and Glasgow. It provides a range of consulting and customer services solutions, specialising in regulation and risk, performance consulting, training and business process outsourcing. Thomas has been appointed to support […]

Trigold and CETA to trial protection system

Trigold has struck a new agreement with CETA, the UK&#39s largest general insurance network, writes Harriet Williams.Over 5,000 mortgage brokers who use Trigold&#39s award-winning system will take part in a trial that will provide them with access to CETA&#39s household insurance policies.Brokers will be able to source building and contents quotes from CETA via Trigold&#39s […]

Equity withdrawal impacts on mortgages

Consumer lending continued at a runaway pace last month with a record rise in mortgage lending. Net mortgage lending increased £5.6bn to £420.9bn in October, with a revised net increase of £0.9bn in other consumer lending to £88.3bn. October&#39s gross mortgage lending totalled £14.6bn, reflecting around 70% of new lending by all lenders. October&#39s total […]

The beginning of the end for sub-prime?

The last 12 months have seen the specialist lending sector go from strength to strength with record levels of business written and, presumably, record profits made. At the same time, product innovation has continued with correspondent lending, amongst others, firmly making its mark.But what of the future of sub-prime lending? It seems that this once […]

A bull case for US equities?

Neptune video: a bull case for US equities?

Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.

In the video, Wintle addresses the following:

• The US market and why — despite equities rising from 2009 — he believes the structural bull market only started in 2013
• Key economic and corporate factors that can drive the S&P 500 higher
• Investment themes and sectors offering exposure to the domestic recovery


News and expert analysis straight to your inbox

Sign up