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A&L revamps mortgage range

Alliance & Leicester is completely revamping its mortgage range with several exclusively available through intermediaries.

The new two-year mortgage rate followed by a 3-year cap will only be available through IFAs.

It will offer a rate of 5.05 per cent (5.30 APR) followed by a cap of 6.50 per cent. The mortgage offers reduced initial payments, no arrangement fee and only one year extended tie-in period.

It has also improved rates on its 5.75 per cent on LTV up to 80 per cent with no tie-in. The two-year fixed rate has dropped to 4.45 per cent (4.60 APR). For LTV up to 95 per cent the rate has dropped to 5.25 per cent (5.0).

The Free Saver has been restricted to mortgages. The reduced 4-year capped rate is now 5.6 per cent.


Axa Sun Life offers external fund links

Axa Sun Life is giving its pension fund clients access to a range of externally managed funds for the first time.Members of group personal pension plans, money purchase occupational schemes and income drawdown plans will be able to choose from six external funds and an Axa managed tracker fund.The external funds will be managed by […]

Low-cost, high-tech future will &#39cut IFA numbers by 40%

The number of IFAs is set to be slashed by the impact of technology and a surge in low-cost financial products, according to shock new research.Research by “big five” financial consultancy KPMG and standard-setting body Origo reveals there could be 40 per cent fewer IFAs by 2002, with 9,000 advisers leaving the industry.The conclusions are […]


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