View more on these topics

Financial guru advises London shoppers on PPI

Financial guru Martin Lewis took to the streets for Tonight with Trevor McDonald last week to spread the word about his payment protection insurance LoanBuster campaign.

Lewis had a stand in the Plaza shopping centre in London’s Oxford Street and was advising shoppers on their rights and how to save money on PPI.

Last year both the Office of Fair Trading and the Financial Service Authority released damning reports on PPI mis-selling.

Lewis tells Mortgage Strategy: “We have seen PPI sellers profiting by confusion marketing. If PPI is sold properly, hidden costs will vanish and rates will go up to as much as 8%. This means demand for loans will diminish and that can only be a good thing.”

Recommended

End of the B2L honeymoon in sight

Kevin Paterson takes a weekly look at the latest developments in the market and brings you what’s hot and what’s not in the world of mortgages

Amber unveils fixed deals

Amber Homeloans has launched a range of three-year fixed rate products. The deals are at 5.99% full status and 6.09% self-cert, and are available for borrowers with up to £15,000 worth of County Court judgments against them.

HSBC launches green sale

HSBC has launched a new five-year fixed rate mortgage at 5.17% as part of its green sale. The product has a maximum LTV of 90% and is available to new and existing customers.The bank has linked with a number of environmental charities to launch the HSBC green sale. For every sale product sold, HSBC will […]

Retirement - thumbnail

Defined benefit schemes: Part 2

Justin Corliss, business development manager In defined benefit (DB) schemes part 1, we looked at recent guidance aimed at DB scheme trustees and sponsors. In part 2 we will look at guidance available to pension transfer specialists (PTS). In the first instance, PTS should familiarise themselves with COBS 19. All guidance below is designed to […]