This week’s top five stories:
1) Adviser accused of £5m theft gets Mail on Sunday libel pay out
An adviser has received substantial damages after being falsely accused of stealing £5m by the Mail on Sunday newspaper.
2) US man pays off mortgage in pennies
A man in the United States has paid off his mortgage, making a final payment of 62,000 pennies.
3) Market Watch: Welcome back 85% buy-to-let LTV?
Last month Kent Reliance launched two buy-to-let mortgage deals, available up to a maximum of 85% LTV. How long before we see other buy-to-let lenders push their maximum LTVs above 80%?
4) Coventry Intermediaries shakes up buy-to-let offering
Coventry Intermediaries is set to refresh its mortgage range, with a number of new buy-to-let products available from Friday.
5) Irish mortgages set for debt forgiveness
Increased use of debt forgiveness looks set to become reality for borrowers in Ireland who have unsustainable mortgage debt, according to ratings agency Moody’s.
Here’s some stories you may have missed:
Asda launches money brand to take on rivals
Supermarket Asda has rebranded its financial services offering in a bid to better compete with its rivals.
How Murray’s Wimbledon defeat should make Cameron serve more support to lenders
With David Cameron watching on, Andy Murray bravely fell to defeat against Roger Federer in the Wimbledon final yesterday, yet it appears the British government has taken up the defensive battle against the rest of Europe.
Burn, baby, burn
The glorious recent weather has been a boon to our dear cigarette smokers.
General insurance – your questions answered
Mark Hutchings, sales and marketing director at Berkeley Alexander, takes us through his top five most asked general insurance questions.
Brokers say clients are struggling with mortgage debt
Brokers say clients are struggling with their levels of mortgage debt, according to the latest Mortgage Solutions People’s Poll.
Tweets of the week:
Andrew Montlake @montysblog
So which lenders are going to take on HSBC then? Come on, let’s be ‘aving ya…
Andrew Neil @afneil
A £ invested in Barclays in 2005 now worth 29p. Yet during these 7 years Diamond trousered £120m.
Rob Gill @robdgill
By the time your application’s gone through it’s actually a 3 year fix: HSBC launches lowest-ever five-year fixed rate
Pics of the week:
Barclays’ new advertising campaign.
Incisive Media at the Your Money Awards 2012.
