Mr Thomson, 35, has been a self-employed hotelier for eight years. He's had credit problems, (two now-satisfied CCJs and mortgage arrears) but that was over six months ago. His home is worth £150,000 and his outstanding mortgage is £65,000. He is about to marry and wants a larger, £250,000 property. The deposit is £75,000 (he is retaining £10,000 as working capital) and his income is about £35,000. His fiancé earns £30,000 and they are buying the house together.
From Jonathan CornellCP146 represents the FSA's current stance towards mortgage regulation. The mortgage industry seems to be the last major industry within financial services that is not officially regulated. Until now it has slipped through the grasp of the FSA and the mortgage industry has sought to regulate itself through the Mortgage Code. While I […]
According to a survey by the NOP on behalf of the Halifax, just over half of all adults either do not realise that company car tax is now based on emissions rather than the number of miles clocked up or they are surprised at the rules. The survey also includes a warning for the taxman […]
Countrywide Assured has acquired the 104 estate agents from Friends Provident for £12 million under a deal that will see the UK's largest estate agency chain distribute the life insurers mortgage-related protection products through its 700 branches. The exclusive right, under a 15-year agreement, to distribute mortgage-related protection products through Countrywide's 700 estate agency branches […]
Bank of Ireland's new seven-year fixed rate is at 4.99% fixed to October 1 2009. There is a £299 arrangement fee, and no overhang. Redemption charges are 7% in Years one and two, 6% in years three to seven. Product Code AJ1.
Re-enrolment is a sizeable task, and requires proper planning. You must ensure that eligible staff who are not already in your auto-enrolment pension scheme are put back into it.
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