The Mortgage Market Review will put a significant amount of work onto the plates of mortgage brokers with, among other requirements, the need for affordability checks by intermediaries and records of advice to be kept for three years. Whether the buck stops with the provider or the intermediary as to whether a particular mortgage is […]
The West Brom has launched a new range of mortgage products that includes a revert to rate for new customers that is currently 2.35 per cent lower than its standard variable rate. All of the new products in the range revert to bank base rate plus 3.49 per cent. Customers coming to the end of […]
Prominent backbench Conservative MP David Davis has called for a “bonfire of regulations” to boost growth and lift Britain out of recession. In a wide ranging speech to the Centre for Policy Studies, There is an alternative: Why the Government needs a growth policy, the former Tory leadership candidate outlined his plan for economic “shock […]
Prime minister David Cameron will announce plans to boost the housing market on Thursday, with a particular emphasis placed on first-time buyers. Ideas are still being thrashed out, according to a report in the Mail on Sunday, although it is thought one idea is to extend the NewBuy scheme, where the state underwrites some of […]
Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.
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