View more on these topics

Satellite packager could go it alone

Lighthouse Group has launched a satellite packager in partnership with The Mortgages Times Group that it says has the potential to become a rival packager in its own right.

The new packager, Lighthouse Packing, will offer inhouse packaging services for specialist and sub-prime applications.

Lighthouse Group, an independent financial adviser group, says growth in its mortgage operations prompted the move.

It hopes the new proposition will help it to expand its mortgage business further.

Lighthouse already has 300 mortgage advisers on its books and plans to introduce over £1bn in business to len-ders every year.

Mark Evans, mortgage director at Lighthouse Group, says: “If the packaging proposition is successful, it eventually could become an autonomous business.

“Lighthouse Packaging will originally be launched to the IFAs in our group, but if it works out we hope to expand it and offer our own exclusive products.”

He adds: “Our mortgage business has grown significantly and we will continue to add to it.”

Initially, Lighthouse Packaging will be tied in as a satellite packager of Mortgage Times.

Chris May, director of Mortgage Times, says: “The link-up will enable Lighthouse’s growing mortgage proposition to exclusively use our products and services while using its existing distribution channels.

“This will be of great benefit to both parties.”


£1,000 Per HIP to survive

An out-of-work home in-spector predicts he would have to charge £1,000 for each Home Information Pack to make a living after August 1.Jason Cross is a fully accredited home inspector who had a job lined up with since the government’s decision to phase in HIPs from August 1, has scrapped its hiring policy.Cross, […]

Nationwide raises rates on deals

Nationwide has increased the rates on its fixed rate and tracker mortgages. Its range now includes a two-year fixed rate with a £499 fee from 5.68%, a two-year fixed rate with no fee from 6.08% and a two-year tracker with a £599 fee from 5.28%.

Industry comments on BoE mortgage figures

Hometrack has predicted that the latest lending statistics from the Bank of England further prove that the UK housing market is set for a downturn.Gary Styles, strategy, risk and economics director at Hometrack, says: The latest Bank of England mortgage data for April provides further support to Hometrack’s view that the housing market is at […]

Assetz launches short-term French leaseback scheme

Assetz has introduced a French leaseback product offering new options for overseas property investors. French leaseback schemes enable investors to purchase a freehold property which they then lease back to a property management company, earning a guaranteed rental income for at least nine years. In return for signing a long-term rental agreement with the management […]

Retirement - thumbnail

Has Britain really stopped saving?

By Steve Webb, Director of Policy and External Communications Our latest policy paper reveals what the fall in the savings ratio does (and doesn’t) mean In June 2017, the Office for National Statistics published its estimates for the ‘savings ratio’ for the first quarter of 2017. This is essentially a measure of the percentage of […]


News and expert analysis straight to your inbox

Sign up