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MarketPlace loan lets FTBs include parents&#39 income

The MarketPlace at Bradford & Bingley has revamped its 1st Start mortgage for first-time buyers.

The product enables FTBs to include their parents&#39 income when calculating how much they can borrow. The deal is funded by Bank of Ireland and has a discount of 1.5 per cent until March 2006, giving a current rate of 4.29 per cent. There is no valuation fee and redemption penalties apply only in the discount period.

Mortgage development manager Elliot Nathan says: “With many parents having physically to find large amounts of cash to help their children with a deposit, this product offers an alternative solution. It allows parents, or indeed a relative, to use their income to help secure a larger loan, preventing them from having to find all that cash.

“In addition, the deal offers a rate that is very competitive in the present market and, with its attractive features, it makes it an ideal product for the first-time buyer.”


Marlborough Stirling in exclusive contract negotiations

A business update from Marlborough Stirling reveals the group is in exclusive negotiations in relation to a number of contracts it is confident will be secured in the near future. It says if the negotiations are concluded successfully 2004 turnover visibility would increase by around £10m. Marlborough Stirling expects turnover for 2003 to be in […]

Sainsbury&#39s signs with L&G

Sainsbury&#39s has entered a partnership with Legal & General to sell life assurance through its supermarkets. The move marks Sainsbury&#39s first jaunt into non-advised term assurance. As well as through its supermarkets Sainsburys will sell the product on the internet and over the phone. This sees the first time L&G has tied to a supermarket […]

Outside edge

Is Standard Life Fubar? No probably not, but the company does need to adapt fairly rapidly if it is to maintain its competitive position.From all the information I have seen, including that issued by Standard Life itself, the FSA, and all the credible rating agencies such as Standard & Poor&#39s, Moody&#39s and AKG, the business […]

Hargreaves and Lansdown take £1m pay cuts

Peter Hargreaves and Stephen Lansdown, the two founders of leading investment IFA Hargreaves Lansdown, both took £1m pay cuts last year, even though the firm&#39s profits rose by 10 per cent.Chief executive Hargreaves and chairman Lansdown both saw their salary fall by over 40 per cent to £1.35m in the year to June 30, 2003 […]


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