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Yorkshire hopes loans find Accord with IFAs

Yorkshire Building Society has marked the launch of its intermediary lender arm, Accord Mortgages, with a range of products including a three-year stepped tracker and an offset loan.

A fixed-rate loan at 3.85 per cent is available until July 31, 2005. It has a £350 arrangement fee and a redemption penalty of 3 per cent of the loan during the fixed period.

A loan fixed at 4.25 per cent until July 31, 2005 has no arrangement fee and pays £500 to cover legal and valuation costs.

Two fixed-rate loans at 4.5 per cent and 4.65 per cent are available until July 31, 2008. The first has a £350 arrangement fee while the second has no arrangement fee and pays £500 towards costs.

Both loans have a redemption penalty of 6 per cent in year one, 5 per cent in years two and three, 4 per cent in year four and 3 per cent in year five.

Accord&#39s range also includes a three-year stepped tracker, a three-year tracker, an offset account and exclusive deals for members of Legal & General&#39s mortgage club. Procuration fees are negotiable.

Managing director Linda Will says: “The freedom to design the products that key intermediaries want has always been one of the main reasons for developing Accord so I am really pleased that our launch range includes exclusives. We are happy to consider any propositions where the opportunity for volume exists.”

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This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. As well as highlighting what is required from a system to ensure it is up to the tasks, an overview of the following is also provided: data validation; data categorisation; employee communication; opt-in process; opt-out process; produce contribution schedule; contribution reconciliation process; upload of member data to pension provider; upload contribution to pension provider; manage salary sacrifice process; enrolment process; re-enrolment process; and management of increased employee queries.

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