A whopping 90% of brokers think the government should hammer the final nail into the coffin of Home Information Packs. Just 10% think the packs should be implemented next year.This week Mortgage Strategy asks: “Are 5 x income mortgage products a recipe for disaster?” Q: Should the government put the final nail in the coffin of Home Information Packs?
- Top trends
Brokers will get the chance to show off their racing skills on the stands of Lehman Brothers’ UK mortgage businesses at the Mortgage Business Expo in London next week. The three brands – London Mortgage Company, Preferred and Southern Pacific Mortgage Limited – will be running a Scalextric competition on their stands. At the end […]
Identity fraud has become a hot issue for some of the high street banking institutions.
Hamptons Mortgages has issued a warning to consumers not to be seduced by attractive headline mortgages rates that come with extended early redemption charges and a commitment to stay on the standard variable rate for a fixed period. Hamptons explains that lenders often offer extremely low initial rates. However, these often come with conditions and […]
Abbeys move to retain its share of the mortgage market by increasing homeowners borrowing power must be kept in perspective, according to broker My Mortgage Direct.Paul Hearnden, managing director of My Mortgage Direct, says: The current climate of must-have-it-now has led even the most clued-up borrowers into believing that this kind of offer from a […]
In November last year, the FCA announced that from 31 March 2017, early exit pension charges will be capped at 1% for those customers who are eligible to access their retirement savings from age of 55. The rules also state that for new personal pension plans started after that date, or on new increments into […]
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