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Government’s cunning plans will not help borrowers and are irresponsible to boot

What a waste of time the government’s Stamp Duty changes are. Surely an exemption up to £250,000 was the least the market needed. Raising the threshold by £50,000 is a token gesture, designed to appease the masses after chancellor Alistair Darling’s latest gaffe about the state of the economy. Cabinet members are becoming more like characters from Blackadder every day – Darling is Darling and Prime Minister Gordon Brown is Baldrick.

How many of my clients will this move help? To be frank, none. And offering first-time buyers 30% loans is bordering on the irresponsible too. The government’s efforts would be better directed towards negotiating with lenders to provide specific first-timer mortgages, not throwing public money at consumers and condemning them to years of debt.

Stuart Gregory

Mortgage planner
LEBC Group


Insurer says senior CML heads should roll

Payment protection insurer Burgesses is calling for disciplinary action at the Council of Mortgage Lenders for ineffective lobbying to protect lenders.

First-time buyers still struggling reports CML

Loans for first-time buyers continued to decline in July, while remortgaging rose and lending for house purchases held steady, compared with June, show figures from the Council of Mortgage Lenders.

FSA censures Coventry broker

The Financial Services Authority has censured Mohammed Habib for failing to ensure his customers received suitable advice.

Cover the bases for business protection

To engage effectively with potential clients in terms of business protection, you must broaden your understanding of how their businesses function. While deep technical expertise isn’t necessary, a good understanding will allow you to position business protection effectively and help identify clients’ needs.


Health Shield joins the Association of Medical Insurance Intermediaries

Health cash plan provider Health Shield has joined the Association of Medical Insurance Intermediaries (AMII) as a corporate member. The non-profit-making Friendly Society is one of eight health cash plan providers to join the intermediary trade body, which is looking to establish working parties with intermediaries and providers on issues such as product innovation and regulation.


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