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Banks still cheapest mortgage lenders – Defaqto

Defaqto&#39s latest annual survey of mortgage costs reveals that banks were the cheapest lenders in 2003, with four banks in the top five places.

The survey shows that for standard variable mortgage costs or their equivalent, Egg and HSBC occupy the top spots, followed by Nationwide, Intelligent Finance, Direct Line and Standard Life Bank.

Special deals or privilege rates were excluded from the survey – Defaqto says that if these were included, West Bromwich Building Society would be in fifth place.


On the four front

Times have been particularly challenging for IFAs over the last three years and 2004 is shaping up to be one of the most demanding. Mortgage advisers and lenders will have to cope with sweeping changes brought by the move to statutory regulation. Pension advisers will need to provide clear guidance to clients in the run-up […]

Aifa cautions Jifa on impossible aims

Aifa is telling fledgling IFA organisation Justice for IFAs that it may be trying to achieve the unachievable in its bid for a new definition of misselling through the European Court.Director general Paul Smee rejects comments from Justice for IFA head and Sway chief executive Jon Maguire that Aifa and the LIA have presided over […]

Richard Verdin on protection

January is the time when people traditionally reflect on things, particularly the events of the past year and, following this reflection, it is common to make New Year&#39s resolutions. So I thought that I would reflect on 2003 and set a 2004 resolution that I would very much like the life insurance fraternity (insurers and […]

Derbyshire launches 5 year fix at 4.80 per cent

Derbyshire Building Society has launched three new five year fixed rate mortgages. The new products are only available direct. The first, at 4.80 per cent, is for loans up to 80 per cent loan to value.Also available is a mortgage at 5.00 per cent from 81-90 per cent loan to value, and one at 5.20 […]


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