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Standard Life takes £3.2bn mortgage advances

The new freestyle mortgage from Standard Life has received £3.2bn worth of mortgage applications since its January launch.


The lender says that 40,000 customers have expressed an interest, with 20,000 agreements in principle arranged and 16,000 valuations have been instructed.


Standard Life Bank managing director Jim Spowart says: &#34We are extremely pleased by the fantastic response to our mortgage launch, which we believe signifies a sea-change in the way flexible mortgages are viewed by the public.&#34

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Trouble ahead - thumbnail

Pensions: trouble ahead?

The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath. 

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