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Abbey may put First National on market

Abbey National&#39s statement that it is looking at selling off non-core assets as part of a strategic review has led to speculation that it has put its specialist mortgage lending and consumer finance division, First National, on the market. The bank says it will not comment on speculation but it is thought that disposing of First National would be a way to focus on its core retail business.


Property plan from Scottish Mutual

Scottish Mutual is launching a commercial property plan investing in the Westbury Property Fund aiming to generate income of 7 per cent a year. Minimum investment in the 10-year plan is £75,000 or £7,000 in an Isa wrapper. Initial commission is 4 per cent, with 0.5 per cent trail on the plan that has a […]

Mortgage Next launches new Bristol & West funded product

Network Mortgage Next has launched a new mortgage funded by Bristol & West with a two year, two per cent discount off the lender&#39s standard variable rate. This gives a current rate of 3.95 per cent. It pays a procuration fee of 0.3 per cent with a minimum fee of £300 and is available on […]

Surprise package

The raft of regulatory changes that are set to hit the mortgage market are going to hit brokers hard.As we all know, from the beginning of 2004, the FSA will demand that those who provide consumer advice will need to put in place exhaustive compliance procedures.For the large number of brokers that operate on a […]

Keydata now on WIG website

The Fund Selector, a fund information service from Keydata, is now available on the Women&#39s IFA Group website.Members of WIG, numbering almost 600, can now access fund factsheets and comparative performance data and can prepare client specific illustrations online.The Keydata Fund Selector provides online content from the CD-Rom prepared on a monthly basis which is […]


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