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RBS IP launches shared equity mortgages

RBS Intermediary Partners has launched three shared equity mortgage products exclusively for intermediaries.

The three fixed rate products have been designed specifically for applicants purchasing a property using one of the Government’s shared equity schemes to raise a deposit.

The first product is a three-year fixed rate at 4.59 per cent, with a 70 per cent loan to value and £199 fee until August 31 2012.

The second product is also a three-year fixed rate at 5.89 per cent with an 80 per cent LTV and a fee of £199 until August 31, 2012.

The RBS four-year fixed is at 6.29 per cent cent with an 85 per cent LTV and a fee of £199 until August 31, 2013.

All three products will move onto a 4 per cent SVR after the fixed-term is out.

RBS IP head of sales Graham Felstead says: “The interest shown by intermediaries in the shared equity scheme sector is definitely growing. These new products should provide our business partners with a range that fits the needs of first time buyers buying through one of these schemes.”


Turner wants pension age raised to 70

FSA chairman Lord Turner says he wishes he’d been more radical in his Turner Report on pensions and said there were arguments for raising the state pension age to 70.

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Guide: how to… audit your auto-enrolment scheme compliance

As the Pensions Regulator starts to bare its teeth and the changes mentioned in the Budget and Queen’s Speech start to come into force, it is essential that you understand your scheme and the processes you need to undertake to ensure it remains compliant. Our second re-enrolment guide looks at how to audit the key areas of your auto-enrolment scheme.


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