View more on these topics

Figure it out

From Clare Hyland

I have today received my August copy of Mortgage Strategy and as I have just taken my MAQ exam I always turn first to your Mortgage Master or Mortgage Moron questions, just to ensure that I do know what I am doing!

This issue&#39s questions and answers do not appear to be correct, in particular question 2 and I should be interested to know which lender would pay a cashback of £33,000 on a loan of £60,000. A 5% cash back would amount to £3,000, but if you know of any lenders who would pay £33,000, please let me know as both my clients and myself would be very interested.

Clare Hyland

Castellan Asset Management

As both the above correspondents point out, an error appeared on last week&#39s Mortgage Strategy training page (page 27). The answer to question two of our MAQ test questions: “Hugh and Liz have a 5% cashback on a £60,000 mortgage. How much cashback is that?” is £3,000, not £33,000 as stated in the magazine. This was due to a production error. Apologies for any confusion caused. Ed.


Lenders are not buying buy-to-let downturn

Mortgage Express has doubled the size of its maximum buy-to-let loans to £2m – a clear sign that lenders believe fears of a buy-to-let downturn are unfounded. The increase acknowledges the rising cost of property, particularly in the south east. Mortgage Express is confident about the future of buy-to-let after its own research found nearly […]

Property assets cushion negative wealth effect

Property assets, mainly housing, have provided a significant offset to the loss of wealth due to the decline in the equity market in the last few years, according to research by Standard Life Investments. In the latest edition of &#39Global Insight&#39, its monthly investment review, Standard Life Investments examines the impact of falling equity markets […]

Confisa to provide IFAs support during change

National IFA brand Consifa is targeting IFAs concerned about their future under the new regulatory regime. Consifa intends to provide a framework for IFAs to continue to service clients&#39 needs while removing compliance, regulatory and administration burdens. It will establish regional centres throughout the UK, from where successful IFA firms will be targeted to provide […]

Virtual PR a reality for financial firms

Virtual PR is now a reality for the financial services industry, thanks to a new system launched this week. Called &#39Media Centre&#39 it enables financial companies to provide a wide range of information to journalists, via an online press office. This comes as a Nielson study into the usefulness to journalists of company websites revealed […]


News and expert analysis straight to your inbox

Sign up