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Yorkshire provides on-line service to L&G mortgage club

Yorkshire Building Society and Legal & General have launched a range of on-line mortgage functions for users of L&G&#39s mortgage decisions service.

Part of this e-business service involves Yorkshire Building Society giving on-line mortgage approvals in principle to L&G&#39s network of mortgage advisers for the first time.

L&G mortgage club sales and marketing director John Cupis says: “The commitment of Yorkshire Building Society and the other lenders to deliver functionality for mortgage decisions users is providing real benefits in terms of time and cost to intermediaries who conduct their mortgage business on-line.”


IFAs turn to with-profits bonds

IFAs are increasingly recommending with-profits bonds to satisfy nervous investors worried about stockmarket volatility, according to Prudential.In the survey of 250 IFAs, 41 per cent say they have been recommending with-profits bonds more than usual in response to demand for investments which provide a buffer against stockmarket volatility.More than half say they currently endorse with-profits […]

Melton Mowbray five-year fixed

Melton Mowbray five-year fixed Fixed term: 5 yearsFixed rate: 6.09% Minimum loan: £25,000Maximum loan: £500,000 to maximum 95% LTVIncome multiples: 3 x single, 2.5 x jointArrangement fee: £295Redemption fee: 6 month’s interest during fixed periodConditions: Refund of basic valuation feeIntroducer&#39s fee: £200Tel: 0797 120 9490

More realism on PI and premiums

I read the recent article, Angry IFAs throw PI in FSA&#39s face, with interest.One aspect not covered, which could have the effect of dramatically reducing premiums for many IFAs, is the level of cover demanded by the regulator.We are a medium-sized IFA, with 20 advisers, operating in the South-west of England.Our business is made up […]

Matrix Private Equity – Matrix Enterprise Fund

Wednesday, March 20, 2002Type: Enterprise investment schemeAim: Growth by investing in unquoted companiesMinimum investment: Lump sum £25,000Opening/closing date: December 1, 2001/March 31, 2002Charges: Initial 5%, annual 2.5%Commission: Initial 2%Tel: 020 7292 0872


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