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Charcol in bulk-buy loans deal

Mortgage IFA Charcol is int roducing a range of bulk-buy mortgages to offer better terms to borrowers depending on the number of people who apply.

The concept uses bulkbuying power by pooling borrowers&#39 applications and negotiating beneficial mortgage terms with a lender on their behalf. Borrowers have two-week windows in which to apply, at the close of which the number of applications taken will determine the level of benefits reached.

There are two levels of enhancement which give progressively lower two-year fixed rates and increasing amounts of cashback. If the product sells out before the two-week cut-off point, Char col will aim to maximise the amount of cashback and the discount rec eived over the fixed period for the borrower.

Borrowers will be notified of the level of enhancement reached when the offer closes and can accept or reject the terms on this basis with no penalty.


Gartmore offers charge discount for Second Scottish National Trust

Gartmore is cutting the initial charge for lump sum investors buying Second Scottish National Trust ordinary income shares to 1.5 per cent from 3 per cent. The discount is available through the Gartmore ISAit scheme, which allows income to be paid out quarterly. The minimum investment for the SSNT ISAit discount is £3,000, and the […]

Mortgage borrowers &#39taking more control&#39

Mortgage borrowers are taking more control of their finances, with 43 per cent either remortgaging, renegotiating terms or increasing borrowing, according to a Council of Mortgage Lender survey. The survey shows 16 per cent of borrowers now have flexible mortgages but only 5 per cent have ever taken a payment holiday. Only 9 per cent […]


It is a truism in every walk of life that all new regulation or legislation always has unexpected outcomes, often dramatically so. My favourite example of this is the prediction of the OFT back in 1987 that if polarisation were allowed to be implem ented, then it would destroy the market for independent financial advice. […]

Cut compliance risk

The statutory framework for the regulation of mortgages, which excludes mortgage advice, will continue until at least 2003. While this has been criticised by advisers, it should not allow complacency – especially where changes in distribution allow advisers to follow best practice now and at no extra cost. Until now, mortgages have been largely exempt […]


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