Posts Tagged ‘Investment Management Association’

Green is good – Ethical funds attract on peformance as well as conscience

Friday, December 3rd, 2010

Green is good - Ethical funds attract on peformance as well as conscience

Ethical funds investments in the third quarter (July to September) of 2010 were up 25% over last year. Ethical funds now attract investors as much for good performance as for the wish to invest with conscience. Read More

Investment advice can protect and guarantee your investment

Wednesday, November 24th, 2010

Investment advice can protect and guarantee your investment

Almost 90% of UK investors are working to stabilise or reduce the risk level of their investments, the Association of Investment Management has said this week. Good investment advice can help them access the new generation of guaranteed investments now available, which allow a stock markets investment at no risk to your capital – you are guaranteed to get back at least what you put in.

Little increase in mortgage deals as market remains flat

Thursday, May 27th, 2010

There was little increase in the number of new mortgage deals closed by bank lenders in April, as the annual ‘spring bounce’ failed to materialise, according to the British Bankers’ Association (BBA). Consumers are focussed on clearing existing debt, rather than taking on more.

Good news for buy to let mortgage holders as FSA extends powers

Thursday, November 26th, 2009

Regulation of the buy to let mortgages sector is to be added to the remit of the Financial Services Authority, in a move announced by the Treasury this week.

The Financial Services Authority is also to regulate third parties who buy mortgages from lenders, to provide additional security to mortgage borrowers.

Self-employed will still get a mortgage, says FSA

Thursday, November 26th, 2009

Self-employed workers have been assured that new proposals by the Financial Services Authority will not block them from obtaining a mortgage.

“The FSA’s proposals on self-cert mortgages will not block access to the market for the self-employed,” said Lesley Titcomb of the FSA this week.

Interest in ethical investment tempered by scepticism

Tuesday, November 10th, 2009

Seventy per cent of people in Great Britain consider their outlook and lifestyle to be green and ethical, and 49% of people with savings and investments would like to make a difference with their money by making an ethical investment. These are the findings of the UK Sustainable Investment and Finance Association (UKSIF) published this [...]

Mortgage lenders under fire from FSA

Wednesday, November 4th, 2009

The Financial Services Authority (FSA) has declared war on unacceptable practices in mortgage lending, with a £2.8m fine for GMAC-RFC over what it termed ‘unfair treatment of customers’.  GMAC’s failings included “excessive and unfair” arrears charges for missed mortgage payments on loans, repayment plans that did not always consider a customer’s circumstances, and moving to repossess [...]

Mortgage proposals will rein in lenders, end self-certified mortgages

Tuesday, October 27th, 2009

New proposals by the Financial Services Authority (FSA) to regulate mortgage lending will require lenders to refuse mortgage applications that are beyond what the homebuyer can reasonably afford. However, the current FSA proposals stop short of imposing limits on the loan-to-value ratios of mortgages, which relate to the size of the mortgage as a percentage of the value of the property, and would [...]

What is your mortgage affordability rating?

Thursday, July 23rd, 2009

In approving a mortgage offer to a homebuyer these days, lenders decide the amount of finance on offer based on a number of factors. One of the most crucial is the mortgage lender’s view of how much the applicants can comfortably afford to repay. This assessment in turn reveals the ‘affordability’ of the mortgage repayment that the applicant has asked for. If [...]

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