Mortgage products combining capital and interest-only repayments are increasing in popularity, as a ...
Mortgage products combining capital and interest-only repayments are increasing in popularity, as a means of addressing endowment shortfalls, writes Adele Burton.
Allen Bruce, marketing manager of UCB, believes they are a viable solution to a growing problem, as borrowers can continue with endowment payments rather than surrendering their policy.
Bristol & West is another lender to see an increase in its part and part mortgages, which it too attributes to the problems associated with endowment shortfalls.
However, some industry experts are warning this kind of hybrid product requires more complex advice from intermediaries.
PARTNER INSIGHT: For many advisers, outsourcing to a multi-manager or discretionary fund manager makes sense, allowing them to focus on the adviser-client relationship
An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client
The government is "in daily contact" with industry figures over the pensions dashboard as it prepares for the roll-out and its feasibility report, Guy Opperman has said.
Organisation led by Johnny Timpson
From 1 April 2019