International ER scheme launched
PropertyFinance4Less has launched International Equity Release which will enable those with properties in France, Spain or Portugal to access the equity tied up in their homes overseas. The firm said International Equity Release will also allow customers to take advantage of low European mortgage rates, currently around 2 per cent.
Government investigates impact of mutuals
The Parliamentary All-Party Group for Building Societies and Financial Mutuals is to conduct an inquiry into the extent to which mutual business contributes to the economy and society.
A summary will be published in December, coinciding with the Myners inquiry into the corporate governance of mutual insurance societies.
