For some lucky borrowers out there the one-penny mortgage is really happening. In a bizarre twist of fortune the credit crunch has led to some lucky borrowers on tracker rates paying a nominal payment of 1p per month.
Lord Adair Turner’s tone following the publication of his 122-page missive on how to save the UK banking system from a second financial Armageddon is reminiscent of a previous holder of his office at the Financial Service Authority.
GE Money Home Lending has pulled its First National range from the mortgage market and cut its distribution from 150 brokers and packagers to 16-18.
Marketing Innovation Forum has joined the Association of Mortgage Intermediaries as an affiliate member.
The remarkable performance of the TOPIX over the past year has caused many sceptical equity investors to look again at the Japanese market. These returns have come despite very significant problems facing the Japanese economy. Chris Taylor, manager of the Neptune Japan Opportunities Fund, discusses these problems and whether Abenomics will be able to overcome them, enabling the market to continue to rise.
In the video, Taylor addresses the following:
• The size and speed of Japan’s unprecedented monetary policy
• Abenomics and the implications should it fail
• Corporate Japan and beneficiaries of government policy