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Lib Dems speak out over rate rise

Vince Cable MP shadow chancellor of the Liberal Democrats, says: “People are now facing a three pronged attack from rising interest rates, rising unemployment and record levels of personal debt. This will spell further catastrophe for many hard working families.

“Further evidence of irresponsible lending is likely to be highlighted in the coming months as interest rates reach their highest levels for over five years.

“The government should be working with the financial services industry to achieve a national roll-out of independent advice centres, providing people with early access to financial health checks before they get into a crisis situation.

“The Bank of England could take a more active role in asset markets. Including house prices in the official measure of inflation should be considered.

“It is essential that banks now pass along the rise in interest rates to savers as soon as possible. I have written to the major banks today asking for their timetable and will await their response with interest.”


Online marketing is vital for small brokers

Online marketing is a vital tool for brokers, especially as it allows small businesses to compete on a level playing field with their larger rivals.

Favouring B2L is unfair on first-timers

Abbey hit the headlines earlier this month with the news that it is to offer up to 5 x borrowers’ salary because income is not keeping up with spiralling house prices.


Paymentshield could face legal action on commission

Paymentshield has been threatened with legal action over its decision to stop paying renewal commission to brokers who are no longer regulated to sell general insurance.Sue Lambert-Hope, a retired mortgages adviser, says she will be contacting other brokers who have also had their renewal commission payments stopped with a view to taking legal action against […]

Please make Isabelle Kassam go away and leave us alone

From Chris Gardner Why is Isabelle Kassam so bitter? Week after week she rants on about how bent this industry is. It’s getting boring. Last week she was waffling on about Shabby Abbey. Why is it shabby? Can she qualify her criticism? Her opinions are not wanted or needed. Please make her go away. Chris […]


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