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C&G withdraws SVR for new customers

Cheltenham & Gloucester has become the latest lender to withdraw its standard variable rate mortgage products from sale for new lending as of 10 May.

This comes after Halifax also said it would no longer be offering its SVR for new customers.

C&G says that existing customers will continue to revert onto SVMR.

In an email to brokers, it says: “Due to recent competitor movements we have seen a higher volume of applications for our SVMR products, which are primarily designed for existing customers. We are withdrawing these products as part of our on-going focus on the service levels we provide to you.”


Beyond comparison

Down the road from me, there is an empty shop. It has been vacant for the best part of two years, probably a while longer. It is hard to see it ever returning to its former role – as a branch of Winsover Howden, a broking firm with a proud tradition in London and the South-east.

Towergate buys Glasgow firm

Towergate has bought Glasgow insurance broker and financial advice firm MacDonald Reid Scott Group.

India budget and the liquidity supercycle

Kunal Desai, manager of the Neptune India Fund, comments on how India’s 2017 budget will impact the Indian economy and equity market. Read article here: Important Information – for Investment Professionals only. Not for Retail Clients.Investment risksThe Neptune India Fund may have a high volatility rating and past performance is not a guide to future […]


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