Kensington Group has increased its shareholding in Money Partners Holdings Limited from 20% to 57.5% following a successful first two years’ partnership. Kensington will pay an initial consideration of £13.1m for its extra stake and may pay a deferred consideration in 2009.
It is almost certain that the Bank of England will raise interest rates this month, reaching 5% for the first time since 2001. Some are already describing this as a done deal.
BDS Mortgage Group has added First National to its satellite lender panel, taking the total to 17.
Standard Life Bank is calling on mortgage providers to lend on affordability rather than salary multiples.
A few weeks ago, in preparation for a special issue of National Mortgage News that was to be shipped to the annual Mortgage Bankers Association convention, I sought interviews with the CEOs of America’s two largest lenders – Countrywide Home Loans and Wells Fargo Home Mortgage. For years, these two shops have battled to be […]
We’re all familiar with one of the key barriers to people taking out protection – affordability. In our recent State of the Protection Nation research*, this was the top reason given by consumers for not owning life insurance (29%), critical illness (32%) or income protection (31%). But protection doesn’t have to cost as much as […]
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