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Halifax launches new mortgage range

Halifax is launching a range of fixed rate and discounted mortgages with no arrangement fees aimed at first-time buyers and remortgage customers.

The range offers a two year discount of 2.05 per cent, giving a rate of 5.69 per cent on loans up to 75 per cent loan to value. A loan up to 97 per cent qualifies for a 1.99 per cent discount, bringing the rate to 5.75 per cent.

A two year fixed rate of 5.99 per cent on loans up to 75 per cent is also available, or 6.19 percent for loans up to 97% loan to value.

General Manager of Mortgages and Savings Paul Duffin says: “Short term fixed and discounted products are growing in demand- these latest mortgage deals meet our customers needs.”


CML says e-commerce will co-operate with existing channels

The Council of Mortgage Lenders is predicting e-commerce and established mortgage distribution channels are set to work hand in hand.The CML is dismissing fears that e-commerce ventures will marginalise traditional distribution channels, claiming the two will cooperate and not compete with each other.The E-Commerce and the Internet report written by John Gilbert says, that even […]

Pension savers warned to act fast

Millions of pension savers need to act fast as basic tax rate falls to 23 per cent to 22 percent on April 6, cutting base rate tax relief by the same amount.Those making lump sum contributions will save a pound in every hundred if they do so before April 5.Legal & General spokesman Andy Agar […]

Millfield launches “actively managed” Pep transfer scheme

The Millfield Partnership is launching an “actively managed” Pep transfer service.The service will provide access to more than 30 fund managers and is designed for individuals who have lost confidence in their current IFA or who are looking to spread their risk around.The IFA claims some £25bn of Pep funds are currently underperforming so it […]

Hermes plans stakeholder launch

Fund management group Hermes which manages the British Telecom and Post Office pension funds is planning to launch into the stakeholder pension market through life assurance groups and trade unions.Hermes to offer the pension in conjunction with Liberty International, the financial services and property company.It will specialise in managing index-tracking funds to keep within the […]

DB transfers – one more factor to consider

Jim Grant – Senior Product Insight & Technical Support Analyst We look at how higher DB transfer values could cause a lifetime allowance issue and how that affects the advice process. Advisers are receiving an increasing number of requests from clients looking to transfer their pension from final salary schemes to personal pensions. This is a […]


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