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The Mortgage Operation targets first time buyers

The Mortgage Operation is launching a discount mortgage at 4.2 per cent until September 2000 to attract first time buyers.

The mortgage is being funded by Royal Bank of Scotland and offers buyers 100 per cent loan to value.

Borrowers can also add MIG premiums and up to £1,000 of fees to the loan.

Sales and marketing director Frank Butler says: &#34This mortgage with the ability to add MIG and fees to the 100 per cent loan allows this with no savings to enter the home-owning community without delay.&#34

IFA commission is £50 for loans between £25,000 and £40,000 and £200 for loans in excess of £40,000.


NAPF appoints new benefits technical manager

The National Association of Pension Funds has appointed David Astley as benefits technical manager.Astley was Canada Life&#39s benefits technical manager for the last four years.In his new role he will provide assistance to the benefits committee and standing groups and liaise with the DSS and other Government departments.

Axa Sun Life appoints new chief investment officer

Axa Sun Life Investment Management has poached former IAI chief executive Roy Gillson as its chief investment officer.Gillson was the chief executive and chief investment officer of IAI in Minneapolis and chief investment officer of IAI International in London.The move follows the takeover of Guardian Royal Exchange by Axa last week.


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