Money Partners has launched a range of discounted secured loan products.The range, available through the Axis secured loan range, is available to accredited Money Partners introducers. The products are available for unregulated loans only, up to 100,000 and subject to status and LTV. They come with a 12-month discount period, up to 2.5% discount for cases with verified income and up to 2% discount for cases with self-cert income. Products are available in capital repayment or interest-only options and existing commission rates apply. They are available in Axis plans one to four, and loan documents are available from MoneyPort, Money Partners’ broker website. Adam Henry, sales and marketing director at Money Partners, says: “Since our launch barely a year ago, we have been an innovator in the thriving secured loans market. Working closely with our introducers, we have designed these products to strengthen our presence in the sector. “Secured loans are an important part of our offer. We recognised their value at an early stage and are pleased to be able to offer our introducer partners this range at a time when enthusiasm for secured loans has never been greater.”
The four directors who resigned from Chester-based lender The Mortgage Business earlier this year are believed to have been carpeted by HBOS for breaching solicitation agreements in their employment contracts. Former TMB managing director Bill Dudgeon, sales director Mark Bergin and fellow TMB directors David Parry and Paul Graham quit in September to spearhead the […]
The Financial Services Authority has warned consumers not to inflate their income to get a self-certification mortgage as they risk getting a criminal record.The FSA’s new mortgage website explains to consumers that they could be committing fraud, as well as being left with a loan they cannot afford, if they overstate their salary.To help consumers […]
The UK financial sector today took part in the largest ever market wide test of its preparedness to respond to a major crisis such as a terrorist attack, natural disaster or widespread infrastructure damage.The desk-based exercise was organised by the financial stability teams at the Tripartite Authorities, comprised of the HM Treasury, the Bank of […]
Home owners paid 6.5bn in Stamp Duty and Inheritance Tax last year, more than four times the amount they paid in 1997, the UK Housing Review for 2005/2006 has revealed. Stamp Duty – at 5.5bn – accounted for most of the tax paid by home owners, but Inheritance Tax bills on property rose to 1.1bn, […]
By Paul Caruana-Galizia, Neptune Economist
Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.
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