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Private Label fixes loan at 5.99% for two years

Mortgage packager Private Label has responded to lenders&#39 concerns about

possible interest rate rises by offering a two-year penalty-free fixed-rate


Its 5.99 per cent fixed rate, set until September 2002, undercuts current

variable rates by almost 2 per cent. There are no redemption charges and

borrowers can opt to transfer into a new guaranteed fixed rate at the end

of the fixed period.

Marketing director Tony Fisher says: &#39This is a win-win situation for

borrowers. The rate is well below variable rates as they stand today,

providing immediate cost savings, and, as it is fixed, borrowers are

protected from further rate rises.”

The loan is exclusively funded for Private Label by HMSL. It is available

up to 95 per cent loan to value for purchases or remortgages.

There is no mortgage indemnity charge and no compulsory insurances.


Assuresoft and Misys in signing battle to take on Exchange

Trading platforms Misys and Assuresoft are racing to sign up productproviders in a bid to match and overtake current leader the Exchange.Misys now has 11 providers offering products on its m-link service,whichis currently rolling out to IFAs nationwide.The providers signed up by Misys include National Mutual, Scottish Mutualand Permanent Insurance which have yet to join […]

E-ready, e-steady, e-go

Having read many articles on the topic of being e-enabled or e-ready, itis clear that many people have an opinion butfew provide sufficientinformation for the IFA to makea truly informed choice.The internet is not just a medium, it is a catalyst for major change.Despite the move to e-commerce, many IFAs, and even some providers, seem […]

Bankhall lights the way for Lincoln staff&#39s IFA

Member services organisation Bankhall is setting up around 60 of Lincoln&#39sdirect-salesforce as a national IFA.The new firm will be known as Lighthouse Independent Financial Advisersand is expected to have full national coverage, including Northern Irelandand Scotland.The Lincoln advisers, who made the approach to Bankhall, will temporarilybecome part of Bankhall&#39s nursery network Investment Strategies where theywill […]

CIS calls for more industry involvement in community

Cooperative Insurance Society is calling for the financial industry to get involved in community initiatives in an attempt to tackle financial exclusion.It follows the publication of CIS&#39s social report which reveals the publichas a deep mistrust of the industry. Only car manufacturers, oil companiesand the Government were rated less socially accountable than financialservices.CIS says the […]


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