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MP calls for better bank checks

Labour MP Jim Cousins, who sits on the Treasury select committee, has called for banks to introduce a code of practice and carry out regular checks to ensure there are no errors in customer repayments.

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Rule change boost for equity release

The government’s plan to scrap the need to get planning permission for minor home improvements could boost the equity release market, says In Retirement Services. It estimates 47% of its clients use equity release to fund home improvements.

Investec offer buoys Kensington

The fortunes of Kensington Group improved last week after it revealed that an acquisition offer from Investec could provide the capital needed for it to expand into new mar-kets, including commercial mortgages.The Investec offer values each Kensington share at 519.5p and its overall value at about 283m.Kensington admits that intense competition from other lenders means […]

A deal to help people with disabilities

One of the criticisms levelled at the lifetime mortgage market has been the lack of flexibility in its approach towards people living with disabilities.

CML’s fees stance slammed

A broker has branded the Council of Mortgage Lenders “duplicitous” for changing its stance on exit fees.In January, the CML endorsed the Financial Services Authority’s good practice on exit fees policy, under which the FSA gave lenders until February 28 to decide whether they would charge existing customers no exit fees, the original exit fees, […]

Can you put a hat on?

By Sarah Scott, marketing consultant You might think the question in the title is a strange one. Perhaps even more so when you learn that it’s one of several asked as part of an assessment for Employment Support Allowance eligibility in the opening scenes of the 2016 film, ‘I, Daniel Blake’. Daniel is a carpenter […]

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