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Halifax slash rates for existing borrowers

Competition in the mortgage sector has intensified with Halifax offering over 100,000 of its borrowers a penalty-free switch to a lower loan rate.

Borrowers tied into the 7.74 per cent standard loan rate will now be able to change to a rate of 6.99 per cent without incurring a redemption charge, saving customers around £40 per month on a £60,000 mortgage.

Similar offers are being extended to non-tied borrowers paying Halifax&#39s standard variable rate.

The move follows HSBC&#39s reduction in its standard variable rate from 7.74 per cent to 6.75 per cent last month, piling further pressure on other lenders to slash their rates.


Pension show back on the road

Scottish Equitable is taking pensions direct to the IFAin another series of roadshows being held around the UK in November.The roadshows will provide IFAs with the latest pension news and give ideas on new business opportunities.Issues being covered include stakeholder and the new defined-contribution tax regime. State pensions, contracting out and pension sharing on divorce […]

Supermarket sweep or an online extravaganza?

The concept of the one-stop shop is the Mecca for 21st Century retailers. The largest retail chains have been moving towards the Holy Grail of providing a “complete service” with increasing speed in recent years.It is already possible to do your banking at the supermarket but would you be happy to trade shares via your […]


The one sure thing about the future stakeholder scene is that it will be markedly different from today. At the moment, the major players are positioning themselves with product offerings designed to secure the much-needed market share to make a profit. Stakeholder has already had an effect on two IFA life offices. It has driven […]

Portman rolls out six new loans

Portman Building Society is offering six new mortgages. The mortgages are a 5.99 per cent mortgage fixed until 1 February, 2006, a 5.75 per cent mortgage fixed until 1 February 2003, a 3.99 per cent mortgage fixed until 1 February 2003, a 5.75 per cent mortgage fixed until 1 February 2003 and a discount rate […]


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