John Davenport

After the cut in interest rates earlier this month, mortgages look more attractive now than at any time over the last few years but with the row over mis-sold endowment policies continuing, borrowing a mortgage is not always the great deal it seems, according to John Davenport, Sales Director at DTE Risk and Financial Management.

"Although mortgage lending is in good shape, with short-term fixed rate mortgages at their most popular for six years and average variable rate mortgage's at just 5.68%, the endowment policy crisis is still the issue dominating the industry.

"It affects thousands of homeowners who were 'mis-sold' mortgage endowment policies, as they were not fully informed of the risks associated with them.Then, as share prices began to fall, insurers started warning borrowers that policies might not pay off home loans in full, causing a major concern for most policyholders."

Davenport continues: "Many claim that they have only recently been informed about the situation through the receipt of letters issued by insurers.Further fuel was added to the fire, when a number of policyholders not actually at risk did in fact receive warnings, causing undue panic.Much of this can be put down to over anxious insurers who sent out letters to all policyholders."

Davenport concludes: "Any policyholders who think that they have grounds to make a compliant, need to act fast.

After the cut in interest rates earlier this month, mortgages look more attractive now than at any time over the last few years but with the row over mis-sold endowment policies continuing, borrowing a mortgage is not always the great deal it seems, according to John Davenport, Sales Director at DTE Risk and Financial Management.
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Davenport continues: "Many claim that they have only recently been informed about the situation through the receipt of letters issued by insurers. Further fuel was added to the fire, when a number of policyholders not actually at risk did in fact receive warnings, causing undue panic. Much of this can be put down to over anxious insurers who sent out letters to all policyholders."

Davenport concludes: "Any policyholders who think that they have grounds to make a compliant, need to act fast.

John Davenport, Director at DTE, Risk and Financial Management says: "If you haven't done so already, you should take the time to work out your total income and exactly where it goes. Calculate your outgoings in terms of primary and secondary spending.
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Davenport concludes: "If you are having real problems with your money or would like help with sorting things out, you should consider speaking to a qualified advisor."

John Davenport, will lead the firm's Manchester office financial services department.His new role will cover a broad spectrum of financial services, from corporate pension schemes, employee benefits, investment advice and individual financial planning for high net worth individuals.

http://www.lucasfettes.co.uk/node/199 Insurance and financial specialists Lucas Fettes and Partners have strengthened their financial services department with the appointment of a new business centre manager. John Davenport, will lead the firm's Manchester office financial services department.His new role will cover a broad spectrum of financial services, from corporate pension schemes, employee benefits, investment advice and individual financial planning for high net worth individuals. read more Fri, 19 Jan 2007 11:31:29 +0000

John Davenport, will lead the firm's Manchester office financial services department. His new role will cover a broad spectrum of financial services, from corporate pension schemes, employee benefits, investment advice and individual financial planning for high net worth individuals.

Formerly with business advisory services company, DTE, based in Bury, John brings with him over 20 years experience in the financial services market. In his previous role he focused on corporate pensions, retirement planning and inheritance tax work.

John Davenport - DTE

John Davenport