From Kevin ThorntonI don’t want to start a slanging match with Nat Daniels via Mortgage Strategy but having read his letter (Mortgage Strategy October 24), I must correct some inaccuracies. The lead offered for sale to me was a staff nurse. A salary scale of 18,818- 22,725 is quoted by the website provided by Daniels for an experienced staff nurse – a far cry from the 37,331- 51,344 he quoted. That salary scale is reserved for the highest paid in the nursing profession. I suppose he would quote the salary of a major should an army corporal fill in one of his forms. Daniels also states that his figure does not include London weighting, which is good because the staff nurse was in Manchester. Maybe she commutes. I agree we should not believe all we read in print. That’s my point.
Pink Home Loans has made improvements to the shared ownership product, in association with Mutual One, which is funded by Ipswich.The product offers a competitive three-year discount product with no upfront fees and the arrangement fee has now been reduced to 150, which can be added to the loan on completion. Flexibility is built into […]
BM Solutions has launched its online application process for additional borrowing. By allowing brokers to process applications online, BMS says it brings both cost and time benefits, reducing paperwork and manual form filling.Once brokers have keyed in their applications, a decision letter will be despatched within 48 hours. This will be further enhanced in the […]
The cost of corporate ID fraud could be as high as 50m per year and Equifax is tackling the problem with its newly introduced anti-fraud tools. Working in partnership with the Metropolitan Police’s Stirling initiative, launched earlier this year, Equifax has introduced two services to protect businesses. Stirling is the police initiative targeting criminals who […]
The Woolwichis launching a lifetime tracker range which includes a offset deal at 0.59% above base rate. Alongside the offset deal it will provide fixed rate mortgages with built-in lifetime tracker facilities. Andy Gray, head of mortgages for The Woolwich, says: “There is a demand for long-term lifetime tracker deals and we want to guarantee […]
By Rob Burnett, head of European Equities at Neptune The ECB delivered a strong package in its latest policy announcement that managed to find the right balance between supporting the economy and not endangering the banking system. The EU banking system is very sensitive to negative rates and, if the ECB were to have cut […]
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