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Advisers must master reversions

Sovereign Reversion has released its half-year results, saying financial advisers must learn about home reversions.

It says once regulation is introduced, advisers will need an understanding of the benefits of reversions to fulfil their obligation to give impartial advice. Sovereign’s results show its rate of sales increasing. Satisfactory valuations are being achieved despite a slow property market.

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UK gives sceptical response to EC plan

The Treasury and the Financial Services Authority have responded to the European Commission’s proposals on mortgage credit in the EU. They say the UK is “sceptical” about EC intervention in mortgage regulation.

Kensington launches offers on mortgage range

Kensington Mortgages has today revealed a series of offers on its existing product range.The range includes free valuations on all applications up to a maximum property value of 500,000, with 250 cashback in Scotland, and 400 cashback on the high adverse range, with 500 cashback in Scotland.Kensington has also reduced interest rates with rates now […]

GMAC-RFC completes sale

GMAC-RFC has completed its seventh portfolio sale to West Bromwich Mortgage Company.

Government introduces environmental code for new homes

Housing and planning minister Yvette Cooper today reveals the government will introduce environmental safeguards for new homes as part of its response to the Barker review.The government has pledged to improve environmental protection alongside building new homes. It is therefore publishing a new code for sustainable homes that builds on the approach of the EcoHomes […]

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