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BSA says mortgage market on even keel

Building Society gross mortgage advances grew to £1,351m in February from £1,255m the previous month.

Approvals rose to £1,752m up from £1,291m. In the savings market, building societies attracted £302m up from £196m.

BSA director general Adrian Coles says: “The only significant difference from the picture in January is a substantial increase in the levels of approvals.”


Zifa launches new Eagle Star pension series

Zurich IFA is launching anew pension range offering high early transfer values in a bid to meet Government stakeholder guidelines.It has launched the Eagle Star Series III range which allow planholders to switch to stakeholder in the future without being disadvantaged.The range includes individual and group personal pensions, free standing additional voluntary contributions, executive pensions […]

Private Label warns on future of remortgages

Remortgage opportunities for IFAs could disappear if the UK base rate falls to continental levels, according to mortgage packager Private Label.Private Label chief executive Stephen Knight is predicting that the UK could become similar to the &#39bland Euro-Style mortgage market&#39.He says: &#34IFAs who advise customers to take a higher fixed rate or capped rate now […]

Scottish Friendly reveals Isa plans

Scottish Friendly Assurance has revealed plans for a full range of ISA products.It plans to offer mini and maxi Isas and all three components.The minimum investment will be £500 for lump sums and £30 a month for regular savers.The equity component will be provided by a growth Oeic investing in UK equities and fixed interest […]

Skipton Building Society launches ISA with NSPCC

Skipton Building Society and the National Society for the Prevention Of Cruelty To Children are joining forces to launch the cash based NSCPP-ISA.For every £1,000 invested in the Isa, Skipton will donate £5 to the NSPCC&#39s Full Stop campaign. The minimum investment is £3,000. Additionally, 0.5 per cent of the interest on the customers balance […]


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