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We brokers are the deserted victims of the recession

For 18 months I have been reading about the declining number of financial and mortgage advisers in this country, but does anybody care what is happening to these professionals?

The government has pumped money into the car industry by creating the scrappage scheme and saved a number of jobs as a result.

But the money pumped into lenders has been gobbled up and not used to maintain availability of products for the public to buy houses or refinance.

Hence we have a flagging building industry and an increased threat of repossession hanging over borrowers.

But limited financial solutions also means advisers going out of business. Where is the rescue package to help us? We are the forgotten victims of the crunch.

Lenders have treated advisers with scant regard but I blame the government and Financial Services Authority for letting them get away with it.
Consumers will be the losers as help in future will be available only from a small range of providers.



January cheer as nearly 1,000 deals enter the market

Almost 1,000 mortgage products were launched in January, accor-ding to Mortgage Brain, which says this represents the biggest monthly increase in product numbers for a year. The number of live products listed on Mortgage Brain rose by 26% in the month, going from 3,534 on January 4 to 4,457 on February 1. This is the […]

Tories pledge to raise Stamp Duty threshold to £250,000

Shadow chancellor George Osborne has pledged to raise the Stamp Duty threshold to £250,000 if the Conservative Party wins the election. The party outlined its plans last week in a report entitled A New Economic Model. The Tories want to increase the Stamp Duty threshold from £125,000 to £250,000 and raise the Inheritance Tax threshold […]

Rightmove raises profit forecast

Rightmove has seen a substantial increase in the average spend per advertiser in January 2010, leading it to increase its profit forecast for 2010.


Mint & IWM link up with Assurant Intermediary

Mint Financial Services and Intrinsic Wealth Management, both owned by Intrinsic Financial Services Limited, have teamed up with Assurant Intermediary giving their network of independent financial advisers access to Assurant Intermediary’s full range of general insurance products.

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Three questions for employers…

The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.


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