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Bristol & West launches new mortgage products

B&W will be launching new products on November 3 2004.

The products include a standard discount and standard fixed mortgage and self-certification opens.

Bristol & West&#39s Don Toller says: “We are very pleased to be able to lauch these in the same week as the start of mortgage regulation. We are very confident about M-Day.”


Countdown conundrum

Ray Boulger,senior technical manager, CharcolThe concerns of distinguished chartered accountants surfacing over the weekend that anyone who has taken out a home-reversion scheme could be caught by the new tax on pre-owned assets as set out in this year&#39s Finance Act, resulting in some cases in their income tax liability increasing by thousands of pounds […]

Strongest ever equity release sales – SHIP

Despite a fall in new mortgage business, the 17 members of trade body SHIP have posted their strongest ever equity release sales at 338.4m for the third quarter.This equates to a 30% increase on its second quarter numbers and 13% up on the third quarter last year.

Confusion over declaration of fees on KFIs says Paradigm

Paradigm Consulting consultatnt Chris Fleetwood says there is some confusion over the declaration of commission on KFIs. He says, packagers with a branded-lending arm will have to show the whole fee on the KFIs. But pure packagers, which are not regulated wont have to show the fee. Fleetwood says: “This potentially could be very confusing.”

FSA cuts mortgage firms&#39 FSCS levy by nearly half

Mortgage intermediaries&#39 contributions to the Financial Services Compensation Scheme will be almost half the amount originally proposed. When statutory mortgage regulation starts next week, mortgage intermediaries will be subject to FSA, Financial Ombudsman Service and FSCS fees, just as IFAs currently are. The FSA says the levy that the FSCS will take from mortgage intermediaries […]

The fifteen-year itch

By Neil Jones Technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The treatment of non-UK domiciles that are resident in […]


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