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Paragon moves into commercial loans

Paragon Mortgages is extending its product range to include commercial loans and is launching a new commercial buy to let product.

The loans will be available for most types of non-specialist properties, including shops, offices, warehouses, light industrial buildings and mixed residential commercial buildings.

Pricing will be LIBOR linked.

The mortgages will be launched through Paragon’s panel of intermediaries which includes The Mortgage Centre.

Paragon expects the majority of applications to come from its existing base of professional buy-to-let landlords.


Wesleyan in advice deal for teachers

Wesleyan Assurance Society is joining forces with the Nat-ional Association of School-masters and Union of Women Teachers to provide independent financial advice to more than 211,000 teachers across the UK.The service will be provided under the name Wesleyan Professional Advice through Professional Affinity Group Services which is Wesleyan&#39s specialist IFA and general insurance arm.Wesleyan says […]

MM survey shows 25-year WP values falling by 19%

The trend in falling maturity values for 25-year with-profits endowments continues unabated, according to the latest Money Marketing Online with-profits survey.The survey shows that the average maturity value of a 25-year endowment with a monthly premium of £20 has dropped by 19 per cent to £27,707 from £34,371 last year.It also reveals that of the […]

Policy panorama

The Money Marketing Online with-profits survey 2003 reveals the vast majority of some major life offices&#39 endowments are now in shortfall.It shows that 99 per cent of Prudential&#39s 210,000 endowments are not on track to meet their target payouts. Of AMP Pearl&#39s 111,451 endowments, a massive 90,702 (81 per cent) are not up to policyholders&#39 […]

North beats South for real wealth

The North beats the South as the region with the most real wealth in England and Wales, according to latest research by Barclays.Researchers from Barclays&#39 wealth management arm Barclays Private Clients combined details of their eight million customers&#39 average salary with the National Office of Statistics&#39 cost of living figures.It found that people living in […]


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