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Aldermore Mortgages – Mortgage Portfolio update

Aldermore Mortgages – Mortgage Portfolio update

Update: Early redemption charge on the residential and buy-to-let  term variable rate mortgages reduced to 3% of the amount repaid in year one, 2% in year two and 1% in year three from 4% of the amount repaid in year one, 3%  in year two and 2% in year three, completion fee on the buy-to-let term variable rate mortgage reduced to 2% of the original loan from 2.5%

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Lloyds bank powers to £2.2bn profit

Lloyds Banking Group’s decision to stop writing new payment protection insurance business cost it £70m last year. But the bank saw a return to profit in 2010 at £2.2bn on a combined businesses basis after a £6.3bn loss in 2009. It lent £30bn in gross mortgage lending and £49bn in gross lending to UK businesses, […]

Chadney Bulgin acquires pensions specialist

Chadney Bulgin has acquired Berkshire-based pension specialist Pension & Wealth Planning. The move follows the purchase of the pensions and investment business Chandos Rose in 2008. The new operation will continue to operate under the Pension & Wealth Planning name and will have access to all Chadney Bulgin services. Joint managing partner Martyn Griggs says: […]


Cable looks to remove barriers for small businesses

Business Secretary Vince Cable has pledged to cut small business red tape in an attempt to boost the economy. But, according to a report in today’s Financial Times, Cable said the Government was constrained by financial limitations and could not provide the sector with an “all-encompassing plan” for growth in the economy. Addressing 200 business […]


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