View more on these topics

Good effort from A&L

Alliance & Leicester

Two Year Fixed Rate Feesaver

Type: Fixed rate mortgage

Fixed term: Until December 31, 2007

Fixed rate: 4.69%

Minimum loan: 15,000

Maximum loan: Up to 95% of valuation subject to a maximum of 250,000, up to 90% of valuation subject to a maximum of 500,000, up to 85% of valuation subject to a maximum of 1m

Income multiples: Based on affordability and credit score

Conditions: Free valuation, 250 cashback or free mortgage transfer service for remortgages

Arrangement fee: None

Redemption fee: 3% of mortgage balance until December 31, 2007

Introducers fee: Subject to negotiation

Tel: 0870 0100657

Alliance & Leicester has introduced a two year fixed-rate feesaver deal at 4.69 per cent until December 31, 2007.

Brian Pack Financial Services principal Brian Pack thinks that at 4.69 per cent this is a reasonable two-year deal, which reverts to Bank of England base rate plus 0.95 per cent after the fixed-rate period.

No legal fees, a refunded valuation fee and no overhanging penalties are very good incentives. Add to that a maximum loan of up to 95 per cent of valuation, it looks a very attractive offer.

There is nothing Pack dislikes about the product. When asked which deals will provide competition he says: Nothing springs to mind but Im sure there will be products launched very soon.

In conclusion Pack says: This is a very good product which should boost Alliance & Leicesters market share.


Suitability to market: Good
Competitiveness of mortgage rate: Good
Adviser remuneration: Average

Overall 9/10


Bond and go says Liv Vic

Liverpool Victoria has brought out a unit-linked bond which provides access to three unitised with-profit fund links.

Wesleyan warns doctors over Sipp symptoms

Wesleyan is warning that wide interest in putting property in Sipps could cause problems for high-earning groups and it singles out doctors. The alert is particularly rel- evant, says Wesleyan director of marketing Callum Girvan, for younger GPs, say in their 30s, perhaps earning considerably less than the 100,000 peak salary of a GP. Girvan […]

Britannic Argonaut fund takes 100m in six months

Britannic Asset Management’s Argonaut European alpha fund has taken 100m in under six months. The Oeic, managed by Barry Norris and Oliver Russ, was launched in May 2005 and has been supported by a number of multi-managers including New Star’s Mark Harris.The fund is a high-conviction portfolio targeting a high return. 1000 invested at inception […]

Welcome to The Brunner Investment Trust PLC

Welcome to the latest update for The Brunner Investment Trust PLC from the trust’s portfolio manager Lucy Macdonald. Market Review Global equities ratcheted higher throughout February, buoyed by optimism about global growth and corporate earnings. All regions advanced, although Japan tended to lag many other markets. In sector terms, healthcare, information technology, consumer staples and […]


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