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Abbey National launches new two-year discount

Abbey National have announced the launch of a market-leading two-year discounted rate of 3.85%.

The product, available through introducers and Abbey National Telesales from tomorrow, is available to first time buyers, movers and re-mortgage customers and has no extended tie-ins and no compulsory insurance.

Janet Connor, director of retail marketing at Abbey National, says: “We are serious about our commitment to providing great quality deals for borrowers. The rates offer a fantastic opportunity for customers looking for affordable peace of mind and with interest rates so low, it&#39s a great time to get a superb fixed rate deal. Alternatively, our new deals offer outstanding value for customer who are looking for great value up-front discounts.”


Younger buyers sustain property market

People in their 20s are driving property market, with one in four looking to buy a home within the next two years. Despite homebuyer confidence falling to its lowest levels since its moving improving index began, Alliance & Leicester says 20-somethings represent the largest group in the UK with the intention to buy. Only 11% […]

FSA seeks to define independence in the mortgage market

The FSA is consulting on whether it should place requirements on firms in the mortgage market who choose to call themselves &#39independent&#39 and, if so, whether this should apply to both advised and non-advised sales. It also considers whether firms should adopt a different status in relation to different regulated products, for example, being independent […]

Timetable for mortgage regulation

As shown in the timetable below, the consultation paper on regulating mortgage sales is the first of a series that will set out FSA proposals for regulating mortgage and general insurance sales. The proposals are of two kinds, some relating to firms&#39 conduct during a mortgage transaction, and others relating to firms&#39 ongoing status as […]

MCCB welcomes &#39grandfathering&#39 of mortgage qualifications

The MCCB has welcomed the publication by the Treasury of the Regulated Activities Order and also the FSA&#39s consultation paper (CP146) on its high-level approach to implementing regulation and &#34near-final” rules on information disclosure requirements. The MCCB will be studying the 350 plus pages of CP146 in great detail and will respond to the consultation […]

Why prevention is better than cure

Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?


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