You are here: Home - Your Community - Top Comments -

Star Letter Extra 19/07/13

by:
  • 19/07/2013
  • 0
Star Letter Extra 19/07/13
Each Friday, Mortgage Solutions takes a look back at the best reader comments on the website.

Ask the Experts: Is mortgage protection worthwhile?

Mortgage Protection is worthwhile, but nobody seems to have really got to grips with it really properly. We have developed a “package” called the mortgage backup plan.

Unfortunately to set it up we have to use various companies. Bright Grey for the life cover as they are the only company as far as I am aware that “guarantees” to repay the outstanding debt. Various other companies for PHI or redundancy element. Unfortunately the life companies have gone stale and are not innovative any longer.

Look what’s happening in the Indian and Singaporean markets. Life companies are being very inventive – female specific critical illness for example. Life companies need to wake up.

Swanny

Landlords turned off properties by selective licensing

For once the concerns are genuine. The councils who are playing with this concept have an ideological problem with private landlords. Hence this idiot licensing system. The properties which are should be looked at more closely are those owned by councils who hold the largest share of properties that are unfit to live in and those which are uninhabitable.

The councils (90% Labour controlled) pulled the same type of stunt 16 years ago when they collectively persuaded the new Labour government to do away with legal aid to stop council tenants using legal aid to bring housing disrepair actions in the magistrates court against councils for not repairing the properties or maintaining them to a habitable standard.

David

Are we about to see a broker boom? – Bob Hunt

I agree Bob, individual registration I believe would have been a good move for the industry.

Sam Hubbard

Housebuilder launches riposte to ‘unfair’ Help to Buy scheme

Problem here is that some lenders will not recognise a non-government equity share scheme!

flateric

Help to Buy success depends on cost to lenders – economists

Pricing is supposed to represent commercial risk. So for bigger volume lenders, correct pricing levels ensure that the scheme is pointless.

Why pay a fee to guarantee the risk of default amongst many thousands of loans if the total fees payable are… the expected losses on the many thousands of loans, plus the costs of scheme administration.

Al

Housebuilder launches riposte to ‘unfair’ Help to Buy scheme

All credit to Persimmon. Not knowing why the welsh government has not set up/used the English scheme it seems very unfair on the welsh homebuyers to be kept waiting.

Bill Warren

Thank you for your comments this week

There are 0 Comment(s)

You may also be interested in