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Exclusive launches mortgages

Mortgage packaging network Exclusive Connections is launching two mortgages funded by Bristol & West.

The first is a discount mortgage offering a 1.55 per cent discount off the standard variable rate of 7.74 per cent until November 2002 and is available to employed, self-employed and first-time buyers.

There is also a fixed rate mortgage at 6.25 per cent until December 2003 with a marketing allowance of £350.

Both offers are under income multiples of 3.5 single income and 2.75 joint income, with a maximum 95 per cent LTV on purchase and remortgage.

Minimum loan size on purchase is £15,001 and £25,001 on a remortgage.


House prices on the up

The average price of properties bought or sold in the UK rose in October according to Nationwide Building Society. The average price paid for a house crept up by 0.9 per cent to £81,036 from £80,307 which makes the average price 9.9 per cent higher than the same period last year. Nationwide planning divisional director […]

Brass brand loses tune

“Brand New” is an excellent new Victoria & Albert exhibition running until January 14, next year. It features case studies from the worlds of techno-goods, communications, soft drinks, fashion, football and food.The exhibits show the power and value of well managed brands in these sectors and demonstrate how brands such as Coca Cola, Nike, Body […]


Theoretically, by the time you read this, we should have some idea as to whether our industry is going to be reshaped. Will the current regime be frozen or is there going to be meltdown?By Hallowe&#39en, a day for tricks or treats (and, co-incidentally, my birthday – I&#39m 29!) – the FSA is due to […]

A&L to cut 1500 staff

Alliance & Leicester has announced it is to cull up to 1500 of its employees over the next three years in a cost cutting exercise. A&L say it is looking to slash annual costs by £100m within three years through natural staff turnover and redeployment. The bank&#39s shares have halved in value during the past […]

The death of retirement – a boost for protection?

According to our recent report on the death of retirement, changes in workplace pension provision mean that coming generations of retirees could have a radically different experience of retirement from their parents. The average contribution rate into an old-style final salary pension was around 20% of total wages, the statutory minimum for a new automatic […]


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