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Bristol and West to scrap exit fees from July 31

Bristol and West has confirmed it will also be scrapping exit fees for future customers from July 31.

This follows Cheltenham and Gloucester’s announcement last week that it will be axing its £225 exit charge on all future lending.

Lenders had a deadline of July 31 by the FSA to sort out their fee structure.

Bristol and West are now the second top 20 lender to announce they will no longer charge exit fees.

The decision will apply to mortgages on both Bank of Ireland and Bristol and West brands.


An adviser’s angst rap (with apologies to Eminem)

“Dear Slim, I wrote but you still ain’t callin’. I sent two letters back in autumn, you must not-a got ’em.There probably was a problem at the post office or something. Anyways, I hope you get this man, hit me back, just to chat, truly yours, your biggest fan. This is Stan.” “Dear Stan, Sorry […]

Insurers agree to change online PPI sales

The FSA says product providers have agreed to change the way they sell payment protection insurance over the internet after it took action against them.The regulator says firms were offering loans where PPI was included automatically, using techniques such as a pre-ticked box. It says this could lead to customers buying PPI without making an […]

Bankhall schedules ‘wrap of wraps’ for September

Bankhall will launch its long-awaited wrap in the second half of the year with a phased rollout due to start in September.Dubbed the “wrap of wraps” by Bankhall, it has been developed with Capita.Bankhall chief executive Peter Mann says the decision to outsource its development to an independent company has been vindicated by the FSA’s […]

Buy-to-let return reaches 13%

BM Solution’s first buy-to-let biannual review shows that the average total return for a BTL investor was 13 per cent over the past year to June, up from 11.9 per cent in the previous year.

Inheritance Tax, a tax on the wealthy? Urban myth or fact?

By Kim Jarvis, Technical Manager with Canada Life’s ican Technical Services Team. Inheritance tax has been around in some form since 1796. Estate duty dates back to 1894 and over the years this tax has evolved into the inheritance tax (IHT) we know and love today, which was introduced in 1986 as a replacement for […]


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