From Sean HortonBack in April I needed to produce a BM Solutions KFI for a client so I went to its website looking for the KFI button. After clicking around for a few minutes it became apparent that the only way to get a KFI was to complete a DIP. I did not wish to apply for a mortgage or a DIP but simply produce an illustration I could discuss with my client before they applied. Isn’t that an MCOB requirement? I typed in virtually a full application. Then the final straw – ‘This case has been referred’. This process took some 20 minutes. So much for a one-minute mortgage. Come on BMS, your products are quite good – I have a few BMS buy-to-let mortgages myself. The online application system always seems to treat us well so why do you make it so difficult to get a simple illustration?
Those who think the regulator’s TCF initiative is insulting to the integrity of the insurance industry have not experienced the impact when things go wrong, says Richard Griffiths
National Australia Bank is predicting that the Bank of England’s Monetary Policy Committee will opt to ‘wait and see’ when it comes to September’s base rate decision. The bank cites the devastation caused by Hurricane Katrina in New Orleans as a factor that will push up oil prices and says this will be one reason […]
Mortgage Trust has launched a range of buy-to-let products under its MT Select brand. Available exclusively through MT Select packager members, the products assess rental income on 125% of the product rate.
The Mortgage Business, the specialist and packager focussed lender has announced reduced rates on its fixed rate, plus dedicated remortgage and self build products.The rates include refreshed fixed rates at 4.95% until the end of 2008, a remortgage only self-cert rate with no completion fee and 750 cashback (set at BBR +0.99% until end 2008 […]
Interest rates are low. Bond yields, in some economies, are at negative levels. Simon Edelsten, manager of the Artemis Global Select fund, analyses which assets investors should now consider. Click here to view full article
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