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Abbey Nat cuts mortgage rates

Abbey National is slashing its variable mortgage rate for new and existing borrowers from April 30. The options are a “no-frills” tracker at 0.9 per cent above base rate or a flexible mortgage at 1 per cent over base rate.

The rate was previously 7.49 per cent.

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Firm foundations for homes market

The Chancellor began this year&#39s Budget speech with a reminder that the backdrop to the housing market is healthy, with inflation and interest rates at their lowest levels for 35 years. It was therefore unlikely he would do anything to jeopardise the confidence that exists. The Chancellor duly desisted from increasing stamp duty and posted […]

AITC gets IFAs&#39 support in appeal for more cash to continue &#39its&#39 ads

The AITC is calling on members for more cash to fund the “its” campaign for an extra five years and has won support from leading IFAs. Speaking at the AITC annual conference in London on Tuesday, director general Daniel Godfrey said he wanted each company to donate up to 1.5 basis points of funds under […]

See which way the wind blows in typhoon alley

While we run stories of doom and gloom, IFAs are doing very nicely thank you. It should come as no surprise in the Isa season, even a muted one, coupled with the launch of a new pension, that more business is coming IFAs&#39 way. But by April next year, the whole marketplace could be turned […]

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