View more on these topics

Mortgage 2000 service calculates cost savings from remortgaging

Mortgage 2000 is introducing a service to help IFAs calculate whether their clients could save money by remortgaging.

The Redemption Buster service allows IFAs to work out the savings that can be made by remortgaging with a competitive lender.

IFAs enter details about their client&#39s current mortgage, the rate of interest they pay and amount of redemption fee they may be charged.

Redemption Buster then calculates the saving that could be made by remortgaging, taking into account any redemption penalty the client may face.

Mortgage 2000 says the process takes about three minutes.

Chief executive Simon Nixon says: “Until now, IFAs have not had a simple way to compare the mortgages offered by different lenders and work out the savings. Now, they can do that accurately in minutes.

“Lenders are no longer able to lock customers into uncompetitive rates and rely on inertia to keep them. It is now too easy for IFAs and their clients to work out whether or not it is worth while remortgaging to a better deal.”


BFS Takes Dual Approach

BFS Investments has packaged the shares of its UK Dual Return Trust into two types of unit aimed at different investors.Geared ordinary units consisting of income shares and capital shares are most suitable for charities and pension funds and investors who are willing to put their capital at risk in the pursuit of high income.Growth […]

Widows&#39 might

Scottish Widows – Flexible Investment BondType: Single-premium investment bond.Aim: Growth by investing in a range of Scottish Widows funds and externally managed funds.Minimum investment: £5,000 new clients, £1,000 existing clients.Fund links: Choice of 10 of the following funds – mixed, consensus mixed, safety plus, European, UK equity, international, North American, Japanese, UK equity index, fixed […]

Immaterial material

Like many other IFA practices, we have a reasonable number of low-cost endowments on our books and we are naturally keen to keep the better ones (which is most of them) going.With this in mind, when we receive our copies of the review packages currently being issued, on any which indicate a possible shortfall, we […]

Elements of risk

Last week, I began to describe a new corporate entity which is expected to come into force early next year following the Limited Liability Partnerships Act 2000 receiving Royal Assent recently.Limited liability partnerships will allow members to limit their liability while organising themselves internally as a partnership. They are exp-ected to be particularly popular with […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm