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Only 13% planning to remortgage

Only 13 per cent of homeowners are planning to rem-ortgage this year, according to Legal & General&#39s latest Moving Intentions survey.

The survey says this figure is not as high as expected considering the historically low level of interest rates and presents an opportunity for IFAs to encourage borrowers to remortgage to save money on the cost of owning their home.

L&G says current deals mean that borrowers could save significant amounts of money with a typical discount mortgage now on offer from a UK lender, knocking 2 per cent off the interest rate for the first two years, saving a homeowner £4,000 over the period.

The survey shows only 37 per cent of homeowners bel-ieve house prices will rise in 2002 compared with 63 per cent in June last year.


MP says preserve orphan assets for members

A Labour MP has challenged the Treasury to stop life offices striking deals allowing them to distribute more than 10 per cent of their orphan assets to shareholders.In a Parliamentary debate this week, Labour MP Barry Gardiner urged Treasury economic secretary Ruth Kelly to work with the FSA to ensure that life office policyholders always […]

Stakes and pains

I am an avid reader of Money Marketing but do not recall seeing any article concerning the peculiar stance adopted by Scottish Equitable on its existing personal pension book now that stakeholder is with us.Most major pension providers took a decision months before April 6 to convert the charging structure of their existing personal pension […]

Product Matters – new ISA fund launches

The Isa season has kicked off and the number of fund launches is increasing steadily. There is no particular theme this season and the launches span aggessive growth, fixed interest and equity income.So it is no easy task for marketing types to come up with a sure-fire way of raking in investors&#39 cash. The only […]

Pro bono plan would raise image of advisers

Proposals for IFAs to give free advice in Citizens&#39 Advice Bureaux and a new lower level of generic adviser are set out in the FSA&#39s polarisation paper.The regulator refers to plans to set up a pilot scheme for IFAs to offer pro bono generic advice. Aifa and the CAB have had extensive talks but the […]


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