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FirstPlus forced to change advert

FirstPlus has been forced to change an advertisement featuring Carol Vorderman after it was deemed misleading by the Advertising Standards Authority.

In the advert, Vorderman states: “A FirstPlus home owner loan can help you get your finances back on track”. And at one point in the ad, the on-screen text reads ‘home owners only’. But a viewer complained after he was rejected for a loan because he owns his home outright and the product is only available toconsumers with mortgages.


Halifax reports house price fall in September

House prices fell by 0.6% in September but increased by 0.9% in Q3 of this year, the Halifax house price index reveals.This overall increase shows a slight slowdown in the market, coming after a rise of 2.3% in Q2 and 3% in Q1, marking a continuing steady downward trend in the rate of house price […]

Pre-Budget report out this week

Chancellor Alistair Darling will present his first pre-Budget report on October 9. Ian Luder, tax partner at Grant Thornton, says Stamp Duty is the best weapon the government has to help people onto the property ladder. He also speculates that Darling could score some grey votes by changing the Inheritance Tax threshold.

FSA should show distinction between MPPI and PPI, says CETA

The Financial Services Authority should make explicit the distinction between its positive view of advised sales of mortgage payment protection insurance and its criticisms of other parts of the loan cover market, says CETA. David Quick, managing director of CETA, says: “Brokers are most likely to sell good value products and to comply with Treating […]

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Has Britain really stopped saving?

By Steve Webb, Director of Policy and External Communications Our latest policy paper reveals what the fall in the savings ratio does (and doesn’t) mean In June 2017, the Office for National Statistics published its estimates for the ‘savings ratio’ for the first quarter of 2017. This is essentially a measure of the percentage of […]


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