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First National discounts self-cert loans

Abbey National&#39s specialist lender First National Mortgage Company is bringing rates for its self-certification range of loans into line with full-status applications.

The self-cert version of the lender&#39s standard variable mortgage is available on a fixed rate of 5.49 per cent until February 2005 or at a rate of 5.74 per cent until February 2008.

For borrowers looking to remortgage, they have the option of either a fixed rate of 5.99 per cent until February 2005 or a 2.99 per cent discount on the standard rate of 8.74 per cent, meaning the starting rate would currently be 5.75 per cent.

Head of customer marketing George Bell says: “Most lenders tend to penalise self-certified applicants. At First National we do not take this approach, and so any self-certified applicant coming to us will get the same standard deal as any full-status customer.”


UK launches checking service

UK has launched a new service that helps borrowers work out whether they are being overcharged for their mortgages.The service, which is being run in association with Bespoke Independent Financial Advisers, can also help borrowers seek recompense from their lender.The mortgage adviser estimates that a significant proportion of borrowers have been overcharged by more […]

McCarthy chairs Euro forum

Financial Services Compensation Scheme chief executive Suzanne McCarthy has been elected the first chairman of the new European Forum of Deposit Insurers. The forum is a voluntary body set up in October to promote the exchange of ideas and experience on deposit protection in Europe. It aims to contribute to the stability of financial systems […]

Legal & General warns sellers packs not “the great panacea”

Legal & General says the long awaited clarity over the introduction of Sellers Packs following their inclusion in the Homes Bill in today&#39s Queen&#39s speech should force the housing industry to begin serious planning for their arrival. It says the industry will have to start work to plan for their introduction in 2005 or 2006, […]

New guide to angel cash

The National Business Angels Network, a national organisation supporting start-ups, has published the latest edition of its investment directory, Business Angel Finance. The directory has been published with the British Venture Capital Association.

Rise of the machines

Head of Sustainable Investing at Royal London Asset Management, Mike Fox, looks at the case for including artificial intelligence within a sustainable investment strategy. Read the article in full here The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get […]


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