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Legal & General mortgage business up 57 per cent

Legal & General’s mortgage business rocketed by 57 per cent in the first half of 2001.

Applications for mortgages arranged through intermediaries shot up to £7.4bn in the six months to June, up from £4.7bn in the same period last year.

Loans arranged through L&G’s mortgage club accounted for £5.7bn of this figure, up from £3.3bn in the first half of 2000.


Product Matters

Following many mainstreamlenders, Skipton has entered the non-standard lending market with its rebranded specialist, subsidiary Amber Homeloans.For those with mildly adverse credit, Amber has rates fixed until October 31, 2003 at 6.75 per cent (full status), or 7.25 per cent (self-certification).However, both feature a one-year ext- ended lock-in and other lenders, such as Bristol & […]

New PMI company opens with NHS beds product

A new private medical insurance provider is launching this week promising cheaper premiums by using vacant NHS beds. 21st Century Health Plans&#39 first product is the Hospital Advantage plan which uses surplus capacity at NHS private facilities throughout England and Wales. Claimants can choose to have treatment in 123 NHS hospitals, where they would be […]

Pinnacle takes the online route

Pinnacle Insurance is joining the online insurance bandwagon with the introduction of Helpupay.Helpupay is a mortgage payment protection insurance (MPPI) product and is aimed at all mortgage borrowers, as long as they are working for a minimum of 16 hours a week.Although the plan is available online, it can also be taken out by phone […]

Pinnacle Insurance – Helpupay

Wednesday, 22 August 2001.Type: ASU mortgage payment protection plan.Maximum benefit: £1,000 a month.Benefit payment term: 12 months.Deffered period: 30 days.Premium: Accident and sickness from £0.93 per £100 of cover, accident, sickness and unemployment cover from £1.52 per £100 of cover.Commission: None.Tel: 08000 350292.


Out from the long grass? An IT and NI merger

Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI).  Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.


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