Paragon Mortgages and Mortgage Trust are offering intermediaries tailor-made self invested personal pension mortgage products for buy-to-let investors.The lenders are inviting brokers to join a select panel that will introduce the range. The products come in response to a recent survey by Mortgage Trust that found 65% of mortgage intermediaries expect the introduction of residential property investment SIPPs will boost the buy-to-let market. Products will allow a pension trust to borrow up to 80% of the value of the property in the scheme. Services will enable Paragon customers to establish and maintain a SIPP vehicle and will provide tailored information and help for buy-to-let SIPP investors.
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Yvette Cooper, housing minister, has defended Home Information Packs as good for consumers as the government published draft regulations for consultation of the contends of the packs. Cooper says that HIPs, which are being introduced by the government in February 2007, will benefit first-time buyers and aim to cut the overall costs of buying and […]
From Jonathan Cornell I was interested to read the recent letter from Eddie Royce (Mortgage Strategy October 17) in which he claims only clients borrowing in excess of 250,000 would benefit from BM Solutions’ latest products. I’m not sure where he got his figures from. While nobody would dispute the fact that the fees are […]
During the summer months, Darlington ran a couple of mortgage promotions designed to generate interest locally in the Societys mortgage products.The first promotion was Recommend a Friend where existing members of the society were able to recommend their friends or family members for a Darlington mortgage and earn themselves 100 at the same time. The […]
Education secretary Ruth Kelly and trade and industry secretary Alan Johnson says the Financial Services Skills Council has been successful in its bid to create a National Financial Services Academy. The NFSA is scheduled to open in September 2006, with an initial three centres in London, Manchester and Norwich. Further centres will be developed in […]
Indian equities have officially re-entered a bull market, with the benchmark index climbing to a 11-month high. But this is just the start, argues Neptune head of Indian Equities Kunal Desai. Read more: Important information Investment risks Neptune funds may have a high historic volatility rating and past performance is not a guide for future […]
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