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Nationwide&#39s mortgage share falls over 6 months

Nationwide Building Society&#39s share of the mortgage market dip to 11.6 per cent in the six months to October from 11.9 per cent for the full year of 1997.

Despite the slip in market share, the building society increased its pre-tax profits by 20.4 per cent to £212.7m, from £176.6m.

Its net mortgage lending in the six months increased to £1.7bn.


Consumers&#39 Association comes out against Weinberg

The Consumers&#39 Association has slammed Sir Mark Weinberg&#39s proposal for three-tiers of financial adviser saying it will only lead to more consumer confusion.And it will deploy research showing that consumers are not prepared to pay for fee-only advice to strongly oppose any recommendation by the Office of Fair Trading to change the practice.The OFT has […]

Britannia offers free employment insurance on two capped rate mortgages

Britannia Building Society is rolling out two capped-rate mortgages with free unemployment insurance for the first year.The first product is capped for four years at 6.99 per cent. There is a redemption penalty which runs for the term of the cap and there is no arrangement fee.The second product is also capped for four years […]


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