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Derbyshire Building Society withdraws mortgages

Derbyshire Building Society has withdrawn several mortgages from its range because it could not cope with the number of applications they generated.

Its three year and five year fixed rate loans have been replaced with mortgages with higher rates and its 4.99 per cent discount product has been pulled without replacement.

The new three year fixed rate is 5.64 per cent, up from 5.49 per cent and the five year rate is 5.74 per cent, up from 5.59 per cent.


Has new review chief Sandler already come to a conclusion?

The man selected to head the Treasury&#39s “son of Myners” review into the retail financial services industry appears to have prejudged the outcome of his inquiry despite only being appointed this week.Ron Sandler, chairman of City stockbroking firm Kyte and previously NatWest chief operating officer and Lloyd&#39s of London chief executive, is to look at […]

Exchange fills gap with contracting-out guides

Exchange FS is offering IFAs a new contracting-out recommendation guide after the withdrawal of templates by life offices. It believes the guide will fill the gap left by providers which have withdrawn their model recommendations and will help IFAs steer clients through the marginal differences between Serps and contracting out. The guide works on a […]

Towry Law launches extranet website for employers

Towry Law is launching an interactive website which will allow employers to offer employees a full support service of information, financial advisory services and transactions through an extranet link.Employees can buy Isas, take out a stakeholder pension and view information on generic mortgage types. The service, designed for large or small employers, is supported by […]

Intelligent thing would be to change system

I feel I have to write in and get a few things off my chest regarding the Intelligent Finance product.The IF product is inno-vative, competitive and, yes, intelligent. It is, I believe, the future of banking products.But why on earth can&#39t we recommend a client to IF with basic information and then let IF and […]


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