View more on these topics

Exclusive Connections tracks on

Exclusive Connections has introduced a base-rate tracker mortgage that remains at 0.50 per cent for the first three years.

The mortgage is available for loans of up to 95 per cent of valuation and has a current payable rate of 5.50 per cent. After the first three years, the tracker rate increases to 1 per cent above the base rate for the mortgage term.

Borrowers who redeem this mortgage during the first three years must pay a penalty of 5 per cent of the sum repaid in years one and two and 4 per cent in year three.

According to Moneyfacts on August 4, 2001, there are no exact comparisons to this mortgage. However, Bank of Ireland Mortgages has a base-rate tracker that remains at 0.55 per cent above the base rate for the mortgage term and which also has an early redemption penalty in the first three years.

This mortgage is less competitive initially than Exclusive Connections as it has a current payable rate of 5.55 per cent, but its tracker rate becomes more competitive after the first three years.

Borrowers who redeem with Bank of Ireland Mortgages before September 9, 2004 must pay a flat penalty of 5 per cent of the sum repaid. This is higher than Exclusive Connections in the third year since it does not reduce.


Which sway for Sandler?

The potential impact of the Sandler consultation paper could turn thefinancial services industry on its head. What are the origins of Sandler&#39stake on the market&#39s possible shortcomings? Obvious candidates include Gartmore chief executive and the trailblazerfor Sandler, Paul Myners, assisted by Treasury officials. But otherinfluential figures include life office analyst Ned Cazalet and possiblyformer Autif […]

Ban on past performance unlikely, says Farnish

The use of past performance in financial ads is unlikely to face anall-out ban by the FSA, according to the head of its task force examiningthe issue. Consumer director Christine Farnish told BBC Radio 4&#39s Inside Money last week that banning use of past performance would be seen “by most people as avery ext- reme […]

Birmingham Midshires Commercial appoints regional development manager

Birmingham Midshires Commercial is appointing Paul Gorman as regional development manager for the North-east, represent the lenders business-to-business arm. Gorman has 15 years experience in commercial banking, most recently with Girobank.Gorman says: “It is a key part of the strategy for Birmingham Midshires Commercial to have a strong regional presence. Clients can be confident that […]

Lords ruling on liability puts IFAs in the frame

IFAs can be personally sued for advice after lea-ving a firm even though they gave the advice in the capacity of an employee following a House of Lords decision this week. The judgment is not open to appeal and means that IFAs must face up to exposure to personal liability where any firms they have […]

Navigating volatility

The making of any fund can be seen in how it responds to crises and opportunities. In this short video, Head of Multi Asset at Royal London Asset Management Trevor Greetham outlines how the Royal London Global Multi Asset Portfolios or GMAPs navigated through Brexit and the US election cycle. He also highlights the importance […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm