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Half of all protection business done online says L&G

Over half of Legal & General&#39s life and protection business is now submitted online, the life office says.

L&G says the business transacted through its two online facilities, the Online Term Assurance and e-Protection Choices, now accounts for half of its protection business.

Housing and protection director Graham Newitt says: "We have worked closely with advisers to develop relevant technology and the result is that online submission to L&G is becoming the norm for advisors across the UK."


Derbyshire cuts rates on fixed mortgages

Derbyshire Building Society is cutting the rates on its three-year and five-year fixed mortgages. It believes the reductions will attract borrowers wanting to know that their monthly outgoings will be manageable, whatever happens to interest rates. The lowest rate is 4.89 per cent for three years, down from 5.49 per cent, with a loan to […]


What&#39s so funny about peace, love and understanding? OK, those are the words of Nick Lowe rather than Ron Sandler but I cannot help feel that the sentiment is similar. When Elvis Costello was blasting out that impassioned lyric the feeling was strong. Likewise it is difficult to argue with the bulk of Sandler&#39s assertions […]

Northern Rock launches flexible rate tracker

Northern Rock has introduced a five year discounted base rate tracker to complement its existing mortgage range.The new mortgage offers an initial variable discounted rate of 2.99 per cent for the first six months from the date of completion.At the end of the initial discount period, the rate is guaranteed to be no more than […]

Regulation reunited

At the start of a brand new term for the mortgage industry, the FSA is sending mortgage advisers back to school to sit or retake professional exams. The proposals are FSA chairman Howard Davies&#3984th directive this year and form part of the Government&#39s plan to regulate lenders and mortgage advice from mid-2004. As many as […]


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