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Self-employed are missing out on saving, says Stafford Railway

Self-employed people are missing out on huge savings on their mortgage repayments because they are too busy to hunt for a good deal and concerned about rejection, says Stafford Railway building society.

The perception that self-employed people struggle to get a mortgage with a competitive interest rate still exists but is finally fading away as more and more people become their own boss, the society says.

Chief executive Mike Heenan says: “The days of self-employed people having to pay sky-high interest rates are coming to an end. It is simpler than ever for them to switch to another mortgage lender. Many company bosses still worry that they might be rejected after their business finances are probed.

“This is an image that many high street lenders are keen to purport so they can hike up their interest rates. There are over 3 million self-employed people in the UK and they should shop around for a good rate on their mortgage just like everyone else does.”


Mortgage Strategy wins industry accolade

The efforts of personal finance journalists from around the UK were rewarded at last week&#39s 2003 Bradford & Bingley Media Awards, held in London at the Cinnamon Club, Westminster. Mortgage Strategy editor Robyn Hall is pictured here collecting the 2003 trade magazine of the year runner-up prize from Bradford & Bingley chief executive Chris Rodrigues. […]

Square peg answers don&#39t fit round hole questions online

From Bob AdamsMortgage lenders and term providers are keen to push and temporarily incentivise us all to submit everything online to keep their costs down. Could they not accumulate a nice pot of money from their savings and distribute it to brokers who have spent hours trying to submit square peg client answers into their […]

HBOS won&#39t be &#39tried by TV&#39

HBOS says it will not be rushed in its investigation of three high street branch mortgage advisers accused of encouraging clients to lie about self-certified income. Three Birmingham Midshires Solutions branch staff are accused of encouraging BBC reporters posing as self-certification applicants to lie about their income, but the group says it will not subject […]

Moneyback guarantee has proved a worthless promise

From Ray HarrisonI read with interest an article on lead generation firms and in particular Mortgage Appointments (Mortgage Strategy October 27). After an unsolicited call from Ric Gibson promising a moneyback guarantee for quality leads, we paid £500 in March 2003 to this company. We soon realised that the leads purchased were not of the […]


Trust me, I’m a provider

By Craig Paterson, Underwriting and Claims Philosophy Manager, Royal London Hard-hitting headlines “Dying mother of two is refused life insurance payout.”1 “What a way to treat a dying man: Grandfather refused life insurance claim.”2 “A widow betrayed by a life insurance company.”3 With headlines like these, it’s no wonder some consumers don’t trust providers. Trust […]


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