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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.

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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.

taxes

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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