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Moneyfacts warns on base rate rises

Moneyfacts.co.uk has warned that future base rate rises will affect consumers, especially those who have borrowed to the maximum and don’t have the comfort of a fixed rate mortgage.

It says it has seen lenders increasing income multiples and launch competitive products and, as a result, some consumers are taking the maximum level of borrowing available to them as they consider it to be within their means.

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Trade bodies deserve a trade body to represent them

From Chris Fleetwood As the number of trade bodies increases, it’s time some thought was given to providing an umbrella organisation that could represent all the trade bodies in the mortgage market. All the organisations that do so much to help brokers and lenders deserve a trade body for themselves, to represent their needs. With […]

Cleary does not understand how packagers operate

From Vic Jannels Alan Cleary’s comments in the analysis piece entitled ‘Should those who have been negative about packagers apologise to the sector?’ (Mortgage Strategy May 29) suggests a worrying ignorance of how packagers work, and the wider mortgage industry. While he is correct in his assertion that adding value is critical, the continuing success […]

BDS appoints new BDM

BDS Mortgage Group has appointed Sarah Barnett as their new business development manager, with responsibility for managing key broker relationships.Barnett brings with her a wealth of relevant industry experience including packager Advantage Homeloans and NatWest, where she was a commercial mortgage manager. Barnett joins the sales team as the main representative for the South West […]

FSCS compensation and eligibility to remain at existing levels

The Financial Services Authority has confirmed the compensation and eligibility limits for the Financial Services Compensation Scheme and for the compulsory jurisdiction of the Financial Ombudsman Service will remain at their existing levels.This follows a consultation by the FSA in which the majority of respondents supported the FSA’s proposal for no change to the limits. […]

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Three questions for employers…

The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.

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