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Personal debt keeps growing

UK personal debt exceeded £1.25trillion at the end of September, with the growth rate increasing to 10.3% over the previous 12 months .

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Portman offers L&Es complete panel

Portman has become the first lender to offer its customers fast-track fixed-quote conveyancing services through direct access to London & Europes complete panel for both purchases and remortgages.London & European has designed a web-based quoting mechanism for Portman customers accessible at the point of purchase whether face-to-face with a Portman adviser in the branch, or […]

Beacon says 2.40% discount product popular

Beacon Homeloans’ says its 2.40% one-year discount mortgage is proving popular amongst its panel of packaging partners and their supporting intermediaries. Clive Willson, head of sales for Beacon Homeloans, says: “Our new one-year discount compliments the competitive two- and three-year fixed rates we also have on the market. “We have listened to our packagers request […]

Freedom launches exclusive product for AMPD

Freedom Lending has launched a near prime two-year discount self-cert mortgage exclusively via the Alliance of Mortgage Packagers and Distributors.The product has a two-year discounted rate with rates starting from 5.58%, self-cert up to 90% LTV, and no Higher Lending Charge. It allows £1,000 of CCJ’s in last two-years.Mel Dring, director of marketing at Freedom […]

High time regulators cracked down on the PPI rogues

From Sara-Ann Burgess If the payment protection insurance market has not woken up yet, then the alarm bells should be ringing so loudly that even Mr Van Winkle would struggle to get a good night’s rest. In the past fortnight there have been a number of significant events which will hopefully act as precursors to […]

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DB transfer showstoppers

By Jim Grant, Senior Product Insight & Technical Support Analyst Transfers from defined benefit (DB) schemes are a bit of a hot topic just now. In this article we look at a couple of factors that could prevent a transfer from happening Equalisation of pensions Prior to the Barber case in 1990, DB pension schemes typically provided […]

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