View more on these topics

Mortgage lending jumps to £10bn at Standard Life Bank

In 2003, the bank broke into profit a year ahead of schedule and the momentum in the bank&#39s growth has continued into 2004. Profits for the Bank to May 15 2004 were £6m compared with £2.1m for the same period last year.

Anne Gunther, chief executive of Standard Life Bank, says: “Breaking through the £10bn barrier is a great achievement and represents a significant milestone in a journey which has seen Standard Life Bank grow from a standing start when we entered the mortgage market in 1999 to establishing ourselves as a key player. Our success is due to strong relationships with mortgage introducers, the popular flexible features of our Freestyle mortgage and great customer service.

“This latest achievement builds on the significant milestone of breaking into profit last year. We now have the scale to really add to the overall Standard Life Group, providing a core financial planning tool to our customers through our Freestyle mortgage.”

Recommended

In search of qualification clarification

The reason for this is simple: I was curious to find out what exams advisers will have to take come Mortgage Day as while talking to a number of brokers and mortgage institutions it quickly became evident that there is still some confusion about what will actually happen. For those who don&#39t know, December 31 […]

Opus range for Mortgage Promotions members

The firm is launching a number of products into the market including both prime and non-conforming deals funded by lenders including GMAC-RFC, Mortgages PLC, Kensington and West Bromwich. Members of Mortgage Promotions will be able to share their views on products and criteria which should enable Opus to continue to provide appropriate products. Technology will […]

A View From The floor

Housing, debt and advice were all on the Liberal Democrats&#39 agenda at the party&#39s annual conference last week. The party&#39s shadow Chancellor Vincent Cable used his keynote conference address to attack the government, the Conservatives and to some extent the financial sector for fuelling what he called the debt bubble. “An orgy of debt-financed household […]

Interactive Investor moves to Moneyfacts for personal finance data

Building on the existing investment services – including £10 share trading, an award winning fund supermarket, CFDs and more – Interactive Investor&#39s strategy sees it widening its offer to become a complete financial service. The service will place equal emphasis on mortgages, loans, credit cards, banking, savings, life insurance, pensions, tax and financial planning. Given […]

Pension savings-2015

Overseas transfer charge

By Jim Grant, Senior Product Insight & Technical Support Analyst, Royal London Transfers to overseas pension schemes are not recognised transfers unless the transfer is to a Qualifying Recognised Overseas Pension Scheme (QROPS). A transfer to an overseas pension scheme that isn’t a QROPS is therefore an unauthorised payment and taxed accordingly. However, even if the […]