View more on these topics

L&G cuts rates on &#39flagship&#39 mortgages

Legal & General is trying to remain competitive in the face of base rate cuts by reducing the variable rates charged on its flagship flexible mortgages.


It is reducing the rate on its Flexible Reserve from 8.2 per cent to 7.95 per cent and its Flexi Let Variable from 8.95 per cent to 8.7 per cent.


Managing director Simon Pistell says: &#34Flexible mortgages appeal to a growing number of people keen to manage their finances including the self-employed, job-changers and contract workers. Our rate guarantee means we will continue to offer excellent value mortgages.&#34

Recommended

Goldman Sachs downgrades year-end market prediction

Goldman Sachs says it remains cautiously optimistic despite limiting its 12-month forecast for European equities to a rise of between 5 per cent and 10 per cent.The US investment bank says it has lowered its forecast, because despite interest rate cuts in the UK and US, the market is not discounting the risks to earnings […]

IFAs now split on mortgage market prospects

IFAs are now split over the short-term prospects for the mortgage market following months of upbeat assessments.Bank of Ireland Mortgages surveyed over 100 brokers and found that 43 per cent believe that the market will contract over the next three months. This compares with 20 per cent in June and just 3 per cent in […]

Murray Johnstone appoints Leslie Robb as CIO

Murray Johnstone has appointed former Scottish Widows Investment Management managing director Leslie Robb as chief investment officer. He replaces Alastair Haddow who will now head up the US desk. Robb spent over 25 years at Scottish Widows. But his future at the company was put in doubt when SWIM chief executive Orie Dudley assigned him […]

Pru sets out processing times for Egg accounts

Egg has set up a web site to keep customers informed of processing delays for its savings account which is currently running at 28 days.The website will be updated daily and there will also be a freephone number to keep customers informed.Egg chief operating officer Paul Gratton says: &#34 We are absolutely delighted with the […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment