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L&G launches exclusive with Accord

Legal & General Mortgage Club is launching two exclusives two-year fixed rate deals with Accord Mortgages.

One product has a a rate of 5.69% with a £995 arrangement fee, free valuation and £250 cash back, while the other has a 6.09% fee with no arrangement fee, for remortgage clients only, and free legals and valuation.

Both fixed rates are available up to 75% LTV and a maximum loan of £750,000.

Martyn Smith, head of mortgages at Legal & General, says: “Fixed rates remain very popular, indeed two-thirds of residential borrowers that came through our mortgage club opted to fix in the past quarter. For borrowers with 25% or more equity in their home, there is actually quite a lot of choice at the moment and these deals will prove very attractive.”

Cate Hillis, strategic development director at Accord, says: “We are delighted to be offering these products to L&G who are one of our key strategic lending partners. Following recent falls in swap rates we have been able to act very quickly and pass these savings on.”


Lenders called on to play their part with ISMI reform

The Citizens Advice Bureau says it’s vital that lenders now play their part and treat borrowers sympathetically following the government’s changes to Income Support for Mortgage Interest.

Show us the money

Robert Jones, partner in the commercial dispute resolution unit at law firm Weightmans, reflects on a recent court case that has given comfort to receivers in the way they can sell properties to settle outstanding debts launches into Europe

Lead distribution company has launched an overseas mortgage leads product which will focus on six markets – Spain, France, Portugal, Italy, Ireland and Germany, with destinations such as Cyprus, Bulgaria, Morocco and Dubai being added later in the year.

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(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.


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