This week’s top five stories:
1) Sesame sale next stage of Friends Life shake up
Industry insiders have confirmed Friend’s Life is touting for bidders for Sesame Bankhall Group as the insurer continues its broader cost-cutting and restructuring plans.
2) ING Direct to launch 1.94% two-year mortgage
ING Direct is to launch a two-year mortgage product at 1.94%, available from the lender from Saturday.
3) Exclusive: Metro Bank to expand broker channel reach
Metro Bank is to expand its intermediary proposition later this month as part of ongoing expansion plans.
4) Cambridge BS offers 95% LTV mortgages to select brokers
Cambridge Building Society has launched a new scheme in which a handpicked group of brokers are given access to a special range of mortgage deals, including a 95% LTV product.
5) Ask the Experts: Should I recommend direct-only products?
In this Ask the Experts column we ask BDRC Continental’s Tony Wornell what the broker market feels about recommending direct-only products.
Here are some stories you may have missed:
Building societies: the rise and rise
Our Marketwatch column asks if the rise of the building society continues, what impact will it have on lending patterns? And will it change the relationship between lenders, brokers and consumers?
Alistair Darling leads discussion with networks over protection
Top distributors have called for greater cohesion in the protection industry at a PruProtect leadership summit, led by Alistair Darling.
Why do foreign lenders fail in the UK mortgage market?
We’re constantly told that the world is getting smaller. So why is it that when potential borrowers have a clear demand for access to finance, there is relatively little direct offshore involvement in the UK mortgage market?
Lenders have set their sights on first-time buyers – Barclays
In a month where activity is historically as low as some of the temperatures experienced, we’ve certainly seen this mortgage market heating up.
Buy-to-let rates continue to plunge – TBMC
The average fixed buy-to-let mortgage rate fell again in the last quarter of 2012, according to research released by TBMC.
Tweets of the week:
Simon Lambert @_simonlambert
Opting to save 73p per month with HSBC’s 1.98% two-year fix mortgage and it could cost you £986.49 over its lifetime
CML press office @cmlpressoffice
Personal finance in national curriculum looks sensible. Too many people don’t focus enough on finances. Anything that supports this is good.
The EB Partnership @EBPartnership
“Money is better than poverty, if only for financial reasons.” – Woody Allen #quote #money