Buy-to-let business made up 21% of brokers’ business in Q4 2010, up from 17% in Q3 and the highest figure since Q3 2007, says Paragon Mortgages.
Nationwide Building Society back-tracked on comments by one of its directors last week who accused brokers of churning fixed rate mortgages to get a fee. Chris Rhodes, product and marketing director at Nationwide, was quoted in last week’s Sunday Telegraph saying some brokers were pushing borrowers to fix, not because of the possibility of rising […]
Mike Lazenby has stepped down as chief executive officer of OneSavings Bank. Lazenby was chief executive officer of Kent Reliance Building Society before JC Flowers bought a 49% stake in the society in return for a £50m capital injection – creating OneSavings Bank.
PMS has joined forces with Promise Solutions to offer advisers and their clients access to a range of secured loan services.
By Jim Grant, Senior Product Insight & Technical Support Analyst The definitions of adjusted income and threshold income used to determine whether, and to what extent, someone’s annual allowance will be reduced can be confusing. Here we try to make sense of it all. The annual allowance will be reduced for high income individuals from […]
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