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Nationwide sets up remortgage &#39takeaway&#39 deal

Nationwide Building Society is offering a remortgage service designed to make the process easier for borrowers looking for a better deal.

The “takeaway” remortgage service has been set up after recent research involving over 1,000 people and following Council of Mortgage Lenders data showing borrowers are annoyed about new customers getting better deals.

The Nationwide research found that 83 per cent of borrowers and 81 per cent of first- time buyers think it is unfair for new customers to be offered lower rates of interest than existing customers.

About 40 per cent doubt that their lender is giving them the best deal and 46 per cent claimed to be looking for better mortgage deals even though they are not moving home.

Nationwide says visitors to its branches are given a remortgage in a bag containing a guide on the process, details of products available and an application form.

Marketing and commercial director Stuart Bernau says: “This takeaway service will make remortgaging easier, with no need to make an app-ointment, no fees to pay and only good value, transparent and flexible products to choose from. Borrowers are increasingly recognising when they need to move their mortgage and get themselves a better deal.”


Western Provident Association – Self-Pay Protect

Thursday, 16 August 2001.Type: Healthcare cash plan.Minimum premium: Annual £30.Minimum-maximum ages: 18-69.Maximum benefits: £50,000.Deferred period: 90 days.Commission: Initial 50 per cent, renewal 5 per cent until end of 2001thereafter initial 25 per cent, renewal 5 per cent.Tel: 0800 7830784.

Towry&#39s &#39dowry&#39 In bid to boost RIs

Towry Law is embarking upon a drive to recruit 800 IFAs within the next four years, boosting its ranks to 1,000 RIs.Chief executive Douglas Black also claims he believes the £30m bailout by the ICS after the £48m Advizas&#39 pension misselling represents a good deal for the industry and could have saved it £20m by […]

MD for Aegon protection arm

Aegon has appointed Janet Wyles as managing director of its Individual Protection business. She has worked for ScotEq since 1993. From 1997 she has been part of Aegon’s group development team and has been working on the individual protection business from August 1999. AIP was launched in January 2001 as the manufacturing unit of individual […]

N&P hears the call of Spanish mortgage market

Norwich & Peterborough is flying south with the introduction of a new addition to its range of Spanish mortgages.The mortgage is aimed at three types of clients. First the British expatriates living in Spain and Gibraltar, second the Gibraltarians and third people in Britain who want to retire to the south coast of Spain and […]

Stop the cold-calling

Royal London is pleased to support the petition calling for a ban on cold-calling for pension and investment products. The petition, launched by IFA Darren Cooke of Red Circle Financial Planning and hosted on the Parliamentary website, calls on the Government to ban cold-calling for pensions and investment products. A similar ban is already in force […]


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