View more on these topics

L&G offers variation on flexi loan

Legal & General is offering a flexible repayment mortgage styled on its

existing Flexible Reserve loan.

The Repayment Flexible Reserve product has no redemption penalties plus

the facility for over and underpayments, payment holidays and daily

interest.

It allows borrowers to build up a reserve to effectively save at the

mortgage interest rate tax-free while borrowers who make overpayments can

reborrow up to their set repayment schedule.

Loans are available up to 95 per cent of the property&#39s value and the rate

for the product is guaranteed not to be higher than 1.5 per cent more than

the base rate.

Public relations manager (housing) Peter Timberlake says: “The new

variation on the flexible mortgage theme aims to increase the appeal of the

products to consumers and intermediaries.”

Recommended

Visa hits out at Cruickshank

Credit card network Visa International has criticised Don Cruickshank&#39s report into banking competition released last month which called for a new regulator for payment systems like Visa. Visa&#39s European Union region president Johannes van der Velde said in a letter to the Financial Times that Cruickshank had repeated inaccuracies and misconceptions about Visa&#39s operations. He […]

Portman carpetbagger&#39s new rally cry

Carpetbagger.com website co-ordinator Richard Yendall is calling on Portman Building Society members to support a campaign he says will defend their rights. He wants 500 members to sign a resolution aiming to lay down strict guidelines on expulsion of members. The new resolution is aimed at preventing the society from expelling or threatening to expel […]

Set your sites high

I have recently been contacted by a whole host of organisations which aresetting up services to help IFAs in developing a web presence.I will be examining some of these in more detail on this page in the nearfuture. This week, I would like to look at some of the key issues IFAsshould be considering when […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment