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 Equity release    Article posted by FRENCH INFO

With the credit crunch it has become increasingly difficult to obtain a mortgage to fund the purchase of your property.

The system the French banks use to decide if they will mortgage your property is different to the system used in the UK.  In France the bank will assess your ability to repay your mortgage.  By law the amount of your monthly repayment can not exceed 33% of your disposable income.

If you bought your property without a mortgage and you needed to raise some capital by using the equity in your property, you would find that most French banks would not consider equity release.

Until recently there was no possibility of releasing equity from your French property in the same way that you could in the UK.  Now jrceurofinance in cooperation with a large French bank can provide equity release up to 80% of the value of your property, subject to status and conditions.

For further information on equity release or any other finance or mortgage requirements please contact patrick@frenchinfo.eu

 

 

 

 World First business of the year award    Article posted by Wendy Casterton

World First UK Ltd, the foreign exchange broker, has been named Service Business of the Year at the 2010 Fast Growth Business Awards.

The awards, organised in conjunction with Growing Business magazine, is an independent scheme designed to raise awareness and celebrate the UK’s fastest growing businesses and the people running them. The awards were presented at a black tie event at London’s Marriott hotel in Grosvenor Square on Wednesday 14 April.

World First UK Ltd, based in Battersea in London, has seen sales grow by 79% per year over the last three years and now looks after 20,000 private individuals and 4,000 corporate clients. During the same period, profits are also up by 55% per year and turnover in 2010 will exceed £1 billion.

Founding director, Jonathan Quin, said, “When Nick Robinson and I started the company almost six years ago, we wanted to put exceptional service right at the heart of our business. We believe that the growth we’ve seen has been down to the level of service we provide. It’s this service that enables us to develop lasting relationships with clients.”

World First’s clients also reiterate the level of service the company provides. Caroline Payne said, "I can't tell you how refreshing it is to deal with World First after dealing with a high street bank and their inefficiency and 'don't care' attitude! I always had an immediate response to every email I sent, or a personal call even though I live in Italy and I received very clear information about all the options available to me. I will certainly be using World First again in the very near future and wouldn't have any hesitation recommending them to anyone I know."

Jonathan continued, “Nick and I are very proud to win the Service Business of the Year award. It’s a great accolade to receive.”

Nick and Jonathan still have grand plans for further growth, “We have some very exciting new service developments for 2010 including our new online trading platform and an advisory services for larger corporate clients. We’re also continuing our global expansion with a new overseas office later in 2010.” Jonathan concluded.

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