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Mercantile Building Society discount

Mercantile Building Society, discounted mortgage

Discounted term: 3 years

Discount: 1.65%

Payable rate: 4.19%

Minimum loan:

Maximum loan:

Income multiples:

Arrangement fee:

Redemption fee: discount and benefits reclaimed

Conditions: no tie in after discount

Introducer&#39s fee:

Tel: 0191 295 9500


Banks cash in with multi-ties

High-street banks will clean up in the new proposed regime after successfully leaning on the Government to open up the market to multi-ties, according to IFAs.IFAs accuse the banks of leaning on the FSA and the Government to get their own way with depolarisation.They say the lobbying campaign for depolarisation from the high-street banks has […]

Independent view

The Treasury&#39s announcement that mortgages are to be regulated is great news for the industry as well as the consumer. Charcol and other established IFAs and mortgage advisers which already practise strong compliance processes and which believe in the value that advice adds will warmly embrace the move.Those mortgage advisers cutting corners are arguably one […]

7% yield offered on Swip property fund

Scottish Widows Investment Partnership is to offer a property fund next month, offering investors a gross yield of 7 per cent a year.The UK balanced property trust will be an investment trust listed on the London Stock Exchange. The offer period is set to run from February 11 to March 20.Swip is looking to raise […]

Confusion and chaos will result says Aifa

The intention by the FSA to get rid of polarisation will cause chaos and confusion for consumers says Aifa chairman Lord Hunt of Wirral.He warns the FSA is damaging the IFA sector in its efforts trying to solve the problem of tied agents only offering a limited range of products.Wirral says: “It&#39s worrying that the […]


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