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House prices surge in September

House prices in the UK rose by 2.8 per cent, the highest monthly increase for eight years in September, according to figures published by Nationwide.

The Nationwide figures show that the average price of home in the UK has increased 14.6 per cent since September 2000 to £92,432.


Old Mutual unveils new multi-manager platform

Old Mutual this week finally revealed the name and charging structure of its new multi-manager platform, formerly codenamed Project Mars.The new platform, to be called Selestia, is set to start next month and will initially offer more than 150 funds from 24 providers.Initial charge is 5 per cent although clients will also have the option […]

Accrual world

Last week, I started to look at the way in which transfer values are calculated for early leavers from final-salary pension schemes and the implications of some of the issues arising from these calculations.I noted that the first stage is to identify and quantify the value of the benefits accrued up to the date of […]

Short-term fix from ICMG

Insurance Company Mortgage Group (ICMG) has introduced a one-year fixed rate buy-to-let mortgage.The mortgage is fixed at 3.99 per cent until September 3, 2002 and is available to all borrowers for loans of up to 80 per cent of valuation. Any number of properties can be bought within a total advance of £1m.There is an […]

IFAs attack Halifax over insurance cross-sellingleap

Mortgage brokers and IFAs have slammed Halifaxfor persistently attemp-ting to cross-sell general insurance products to their clients before and after their mortgage has been completed. Brokers found Halifax had made repeated attempts to cross-sell products behind their backs des- pite issuing numerouswarnings to the lender that such behaviour will result in them placing clients with […]


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