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Leeds & Holbeck announces record half-year results

Leeds & Holbeck Building Society says its interim results for the six months to June 30 show record achievements across all areas of its business. It saw a 77 per cent increase in mortgage applications to £1.1bn from £621m for the same period last year. Mortgage completions reached £529m, up 43 per cent from £370m. Pre-tax profits increased 14 per cent to £16.9m from £14.8m.

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Mortgage packagers want their role clarified in the run-up to regulation

Mortgage packagers are calling on the Treasury and FSA to clarify their future role as the countdown to full mortgage regulation gathers pace.Packagers speaking at packager regulation forums held by Southern Pacific Mortgage have voiced concerns over how far they can be regarded as giving information or advice.They say they need urgent clarification of these […]

Arrears and repos at eight-year low

Arrears and repossessions fell to their lowest level since 1984 in the first six months of 2002, with only 6,850 properties repossessed, according to latest figures from the Council of Mortgage Lenders.This figure is down by 35 per cent on the same time last year when 10,460 homes were repossessed.The CML puts the drop down […]

Bristol & West – Global BGEB TOISA 5 Year Issue 1

Wednesday, August 7, 2002Type: Tessa only IsaAim: Growth linked to the FTSE 100, Nikkei 225, SMI andS&P 500 indicesMinimum investment: Lump sum £1,000Maximum investment: £9,000Catmarked: NoInterest rate: 4% gross a yearCharges: ImplicitWithdrawal penalty: No withdrawals permitted during termCommission: Initial 3.5%Tel: 0845 1110118

IFAs concerned other companies will follow R&SA

IFAs have reacted with concern to the announcement of the closure of Royal & Sun Alliance&#39s life business and are expecting other life companies to follow.Baronworth Investment Services director Colin Jackson says: “It is very worrying. R&SA is a major life company – is this the first of many? A year ago I would never […]

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