- Warning. Beware of financial advisers promising unusually high investment returns.
- In Money Marketing this week the Financial Services Authority is warning advisers about the dangers of selling dodgy non regulated investment products. What about warning the public?
- Wed 28th Jul 2010
- Have you been miss-sold your mortgage and are now stuck in mortgage hell.
- I have been speaking to a number of mortgage gurus over the last few days and the prickly topic that keeps cropping up is mortgage miss-selling.
- Wed 14th Jul 2010
- Bank of England to hold interest rates until May 2011. Good news.
- The british chamber of commerce have stated that rates will be on hold for quite some time.
- Tue 6th Jul 2010
Self-cert mortgage market 'still strong'
Thu 10 Jan 2008 4pm
The UK market for self-certification mortgages is still in good health despite the ongoing effects of the credit crunch, an expert has claimed.According to independent mortgage broker Alexander Hall, the tightening of conditions across financial markets has not impacted on the self-cert sector "fundamentally", although borrowers may find that they now have a slightly reduced choice of lenders.
Spokesperson for the firm Andy Pratt said that most self-cert mortgage applications are still successful because borrowers have consulted a broker beforehand, as these type of customers usually require "a bit of guidance".
Commenting on the market's performance in light of the credit crunch, Mr Pratt explained: "There's nowhere near the same impact that there has been on subprime mortgages.
"All those clients who would have got a self-cert mortgage before have been able to get them even with the credit crunch."
Normally used by self-employed workers who wish to buy a house, a self-cert mortgage allows people to declare their income without having to provide absolute proof.
According to figures from the Economic and Social Research Council, 13 per cent of the UK workforce is currently self-employed.
