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Igroup relaunches GEM first charge mortgage range

Igroup is enhancing its first charge mortgage product range as of January 31 2005.

The changes include reduced fixed rates across the full GEM range for all fixed rate terms and improved discount rates on GEM 0-4.

The minimum loan amount will be reduced to 10,000 on all products within the range, and new loan to value bands will be introduced.

Key enhancements include fixed rates starting at 5.25 per cent, revised early redemption charges on discount and fixed rates and new 60-70 per cent and 70-80 per cent LTV bands.

Igroup chief commercial officer Sean Webb says: “We look constantly at ways to improve our product offering to meet the needs of our intermediaries. As their requirements change, so will our products.”


Nationwide’s Stuart Bernau becomes new CML chairman

Nationwide Building Society commercial and treasury director Stuar Bernau today becomes the chairman of the Council of Mortgage Lenders.He succeeds the former chairman, Standard Life Bank’s Anne Gunther.The deputy chairmen are RBS group director of mortgage sales and intermediary development Charles Haresnape and Cheltenham & Gloucester and Lloyds TSB bank savings managing director Jon Pain.Stuart […]


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