Yorkshire has launched a family offset account that provides family and friends with a way of giving financial help to their nearest and dearest without handing over their own life savings. Offset Plus, which is most likely to appeal to first-time buyers, allows parents to help ease the pain of mortgage payments by linking their savings to the new borrower’s mortgage. Savers retain full ownership and access to their savings, but forfeit interest in exchange for a reduced mortgage payment for their children.
Landlords expect the net value of their investment portfolios to grow by 5% over the next 12 month, reveals the latest research from Paragon Mortgages. This is the highest growth expected for more than a year and reflects a significant upswing in sentiment since the beginning of 2005. Last year, the survey indicated that landlords […]
The London Financial Academy, London Metropolitan University’s centre for Continuing Professional Development, will open on October 12 in the City, and in March 2006 at Canary Wharf. The aim of the academy is to bring varied and flexible courses and events to the heart of the financial services industry. International speakers, discussion groups and workshops […]
Shaun Godfrey, commercial director at Bankhall will leave the company in October to pursue other business interests, full details of which will be announced in due course.Peter Mann, chief executive at Bankhall, says: “Shaun has played a key role in the growth and development of the Group over the last nine years. “He has been […]
Q: Should the FSA review MCOB as requested by IMLA?…
Steve Webb – Director of Policy and External Communications As the Autumn Statement approaches, Steve Webb calls for the Government to stop tinkering with tax relief. Twice a year, in the run-up to the Spring Budget and the Autumn Statement, we face a torrent of speculation as to what changes the Chancellor might make to […]
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