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Furness BS launches five-year fix through PMS and Sesame

Furness Building Society has launched a 3.85 per cent five-year fixed rate exclusive for PMS and Sesame members.

The product, which is available up to 75 per cent loan-to-value and for a £500 fee, includes a free valuation and free legal service for remortgage customers.

The maximum loan is £500,000 and borrowers are allowed to overpay by up to 10 per cent during the fixed rate period.

PMS senior product and communications manager Robert McCoy says: “Long-term fixed rates, such as this, have never been so low. With such a large number of clients looking for the security of a fixed rate, I am sure this will be popular with our members. This product complements the current three-year fixed rate product the members have access to already.”

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Preparing for the changes to the pensions market

As more and more providers start to reveal their stance on the charge cap and removal of commission and active member discount pricing, we thought it would be worthwhile to look at what these are, and the steps businesses should be taking to prepare for this.

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