View more on these topics

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.

Recommended

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 […]

BIIBA in Millennium Bug warning to brokers

Over 1,000 brokers may be unable to trade at the turn of the Millennium because software providers have failed to make computer systems Year 2000 compliant.A survey by the British Insurance & Investment Brokers&#39 Association shows many brokers are still using non-compliant software which could leave them unable to trade and process quotes.Computer experts believe […]

Scot Am cuts GPP charges for schemes with over 25 members

Scottish Amicable is cutting the annual membership charge on its group personal pension contracts for schemes with more than 25 members.The life office is reducing its charge to £18 from £30 with effect from November 16.The life office claims it has formed a dedicated scheme design team to help customise GPPs and tailor them to […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment