View more on these topics

HSBC heads Moneyfacts loan league

HSBC tops Moneyfacts’ table of the top 35 mortgage lenders for the second year in a row.

Moneyfacts’ survey calculates the total interest paid on a standard variable-rate mortgage of 100,000 between January 1 and December 31, 2004.

HSBC’s total annual interest repayment is 5,261.75. Egg follows with an annual repayment of 5,283.44 and Nationwide is third with 5,512.68.

The Mortgage Business is the most expensive provider with an annual repayment of 6,435.25.

Mutuals and direct lenders dominate the table, with mutuals in 13 of the top 20 positions.

Moneyfacts mortgage research editor Samantha Owens says: “Lenders such as Egg, Nationwide and Intelligent Finance offer a smaller range of products than some lenders that feature lower in the chart. These lenders have short-term market-leading products but do not always offer the best deal for customers paying the SVR.”
The Mortgage Business director sales & marketing Mark Bergin says: “We came back to the market at M-Day and did not want to do anything to upset the applecart. It was a deliberate strategy not to come back with cutting-edge prices.”

Recommended

Commission: possible

With the onset of depolarisation, there has never been a more important time for financial advisers to demonstrate the value for money that they provide to their clients. This is inexorably linked with the need for advisers themselves to have a far greater understanding of the profitability – or otherwise – of every client. In […]

FSCS braced for 20,000 claims as it puts Aaron companies in default

The Financial Services Compensation Scheme has declared the David Aaron Part- nership and David M Aaron Personal Financial Planners in default, opening the floodgates for claims. Although some clients estimate they invested as much as £300,000 through the David Aaron businesses, the FSCS will only pay out a maximum of £48,000 for investment claims at […]

Oil industry: only the fittest will survive

The actions of OPEC have forced the oil supply to fall and producers to cut costs and rationalise, says Richard Hulf In an interview with journalist Alexis Xydias, Richard Hulf, manager of the Artemis Global Energy Fund, explains the impact of the fall in the oil price on energy companies. Alexis also quizzes Richard on […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com