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Let’s try for common sense on interest-only

After Santander slashed its interest-only LTV and Lloyds Banking Group made changes to interest-only repayment vehicles, I am left wondering if the pendulum has swung too far the other way. These moves will affect brokers who rely on interest-only sales but I am unsure whether this is what the regulator envisaged when it urged caution […]

MPC holds both QE and rates at March meeting

The Bank of England’s Monetary Policy Committee voted to keep interest rates on hold at 0.5% and to maintain the size of the asset purchase programme at its March meeting. The committee boosted the size of its asset purchase programme by £50bn in its February meeting, taking it to a total of £325bn. Vicky Redwood, […]

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Higher SVRs could revive remortgages

While the Bank of England base rate remains unchanged from 0.5% – the rate at which it has been for three years – the same cannot be said of SVRs.

Make RBS business bank, says Cable

Business secretary Vince Cable has called for Royal Bank of Scotland to be split up to form a British business bank. In a letter to Prime Minister David Cameron and deputy Prime Minister Nick Clegg that was leaked to the BBC last week, Cable says the government should recognise that RBS cannot succeed in its […]

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Pension freedoms: stop the scams

At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.

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