View more on these topics

Halifax jumps on flexible mortgage bandwagon

Halifax has jumped on the flexible mortgage bandwagon with the Halifax flexible tracker mortgage.

Flexible tracker has a five year term and starts out at a rate of 0.35 per cent below the Bank of England base rate for the first six months. It then reverts to a rate of one per cent above the base rate for the rest of the term.

Aimed at all types of borrowers, it offers payment holidays, overpayments, underpayments, lump sum withdrawals and interest is calculated daily. There are no redemption penalties.

Although the Halifax says this is its first foray into the flexible mortgage market, it introduced a mortgage called extra choice in July 1999 that had many of the features of a flexible mortgage. However it calculated interest annually rather than daily and so was not marketed as a flexible mortgage.

Flexible tracker joins what is now a rapidly expanding area and offers nothing that makes it stand out from the rest of the market.


BUPA International signs deal with Zurich International

BUPA International and Zurich International have announced a deal which will give customers of both companies access to a range of health and life products. Both companies deal extensively through IFAs. BUPA says it does 70 per cent of its business in the UK through IFAs. The agreement will see the establishment of a one-stop […]

Leeds & Holbeck considers name change

Leeds & Holbeck Building Society is considering dropping Holbeck from its name. The move is being contemplated because while Leeds is fast gaining a reputation as a financial centre, Holbeck’s status has been reduced to that of its neglected southern suburb. The society acknowledges its historic links with Holbeck, but is concerned that the name […]

Pension details must be simpler

As practising IFAs, we have become increasingly concerned with this Government&#39s continuous changes and additions to pension legislation.Since 1997, we have seen the abolition of ACT relief and the replacement of Serps which has increased the cost of retirement funding. We now have the introduction of stakeholder pensions, concurrency and the new investment instrument, the […]

Scottish Widows brings in range of pre-stakeholder pensions

Scottish Widows is the latest company to bring in a range of pre-stakeholder pensions.Group Pension SolutionsThe new group personal pension, group money purchase and group additional voluntary contribution schemes fit the stakeholder criteria, except they will have an annual management charge of between 0.65 per cent and 1.5 per cent.They also allow access to the […]

What exactly is product innovation?

By Fiona Tait, Pensions Specialist Ros Altmann reportedly hoped for more product innovation following pension freedom¹ and, according to one poll, 66 per cent of advisers also believe that providers should be doing more². This article considers whether there is a real client need for new products, or whether we should be focusing our attention on efficient delivery […]


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