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Future launches secured loan range

Future Mortgages has unveiled secured loan products in anticipation of changes to the Consumer Credit Act 2006.

The new CCA rules, which govern the regulation of secured lending limits, come into force on April 6 2008 and will see the removal of the upper limit of £25,000 non-regulated loan threshold.

Product rates range between 8.99% to 13.24% and now include an 80% LTV band. The deals are offered for loans up to £150,000 and for both self-employed and employed self-cert applicants.

Ian Warrilow, head of secured lending at Future Mortgages, says: “We’re changing our products now and informing our packagers and broker business partners so that we can continue to work successfully with them once the CCA changes are in place.”


Brokers called on to revisit clients

Simon Cocker, head of business development at the Dunfermline, is calling on brokers to follow lenders and instigate a full recontact programme with clients. Cocker said that Dunfermline’s own research revealed that 86% of its customers were retained by the lender, not the broker, after the customer’s initial rate had finished. He also pointed to […]

Weighty matters

Vanessa Blount, director of sales and marketing at eConveyancer, lost a whopping 3lbs last week as part of her training for the London Marathon.

Scottish trends in spotlight at Expo

Kennedy Foster, Scotland policy consultant at the Council of Mortgage Lenders, will chair a seminar on housing market trends in Scotland at the Mortgage Business Expo in Glasgow on Thursday.

Packagers keep faith at Summit

Delegates at Mortgage Strategy’s Packager Summit last week were upbeat, despite research from The Mortgage Business showing just 8% of senior staff in the sector were confident about the future. The liquidity crisis has hit the market hard but packagers are not giving up without a fight.The past six months have been tough for the […]

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Healthcare predictions for 2015 from Jelf Employee Benefits

The continuing fall-out from the Competition and Markets Authority’s (CMA’s) review, the rise of the private GP and digital engagement will be the primary focuses in the private healthcare industry during 2015, according to Iain Laws, managing director, healthcare and group risk, at Jelf Employee Benefits.


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