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UCB raises fixed rates

Nationwide specialist lender UCB Home Loans is increasing rates on its fixed rate products by up to 0.2 per cent from today, following increases across the fixed rate mortgage market.

The changes will see fixed rate mortgages of 6.39 per cent for two years, 6.59 per cent for three years and 6.79 per cent for five years.

UCB Home Loans managing director Charles Reed says: “I am pleased to confirm that, at a time when mortgage lenders are withdrawing their fixed rates, we are continuing our presence in the market.”


Exclusive Connections moves beyond 100 per cent

Exclusive Connections has unveiled a flexible 100 per cent mortgage that has a 1 per cent discount for the first two years.The mortgage has a current payable rate of 6 per cent and allows borrowers to overpay, underpay and take payment holidays. But they cannot make lump sum withdrawals. Interest is calculated monthly and Exclusive […]

Waiver dual rule set to be dropped

The General Insurance Standards Council and Aifa are waiting for thego-ahead from the FSA to end dual regulation of IFAs selling waiver ofpremium on general insurance policies. Aifa has been in discussion with the GISC for months, arguing that IFAswho sell general insurance policies such as waiver of premium with life andpension products are sufficiently […]

Plural Cavity

Greengrocers have often been pulled up for inappropriate use of theapostrophe when advertising their banana&#39s or artichoke&#39s. The Diary mustnow add Ron Sandler, the man commissioned by the Treasury to conduct areview into retail financial services, to the list of grammatical offenders. In the seven references to IFAs in Sandler&#39s consultation paper publishedlast week, an […]

Now ABI to review the effects of regulation

The ABI has commissioned a London Economics-style report questioning thedouble whammy of FSA and Government regulation on competition and savingslevels which will now form part of its Sandler review response. The report, by international financial services specialist Oliver Wyman &Company on The Future of Regulation, will also examine the role thatface-to-face advice has on encouraging […]


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