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Two year discounted rate from Standard Life Bank

Standard Life Bank is launching a version of its Freestyle mortgage, offering a discount rate of 4.9 per cent for the first two years, after which it reverts to the product&#39s variable rate, currently 6.9 per cent.

The mortgage is available for lending up to 90 per cent loan to value, and carries redemption penalties over the first four years of the term.

Standard Life bank director of sales and marketing David Macmillan says: “Thanks to the simplicity of our application process – whether by the internet or telephone – verbal agreement an be reached in a matter of minutes.”


Paragon pulls plug on retail mortgages

Paragon Mortgages is pulling out of the retail market because it fears relaxed lending criteria has rendered this type of mortgage business too risky. Paragon claims strong market demand for mortgages with high income multiples and high LTV are making it hazardous for lenders to continue selling mortgages at tight margins. It plans to concentrate […]

Alan Rosengren

Given that Allan Rosengren says work is his main hobby, it is not surprising the Falcon Group chief executive has ambitious plans for his company. As chief executive since the company became a non-listed PLC in 1985, Falcon recently made news with its joint venture with Stroud-based Inde-pendent Financial Services. Rosengren, who prides himself on […]

Moore&#39s code

Looking at the Government&#39s record, like it or not, historians are likely to see Gordon Brown as one of this country&#39s greatest chancellors in terms of economic stewardship. But the stable, low interest rate environment he and Bank of England governor Eddie George have created comes at a price, as those who save as opposed […]

Skandia leads defence of performance

Skandia plans to lead a coun-ter-attack on the FSA&#39s position that past performance is no guide to the future after a sca-thing attack on the regulator. Speaking at the Skandia Pathfinder conference, director of investments Jim Roberts said the life office would be writing to the FSA with evidence to prove past performance is a […]


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