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Bristol & West launches five-year fixed rate

Bristol & West Mortgages today launches the lowest five-year fixed on the market , with a headline rate of 4.89% .

The product reverts to Bank of England base rate plus 1%, has no extended redemption charges and is available up to 95% LTV, with no restrictions on who can take out the offer. The product carries a redemption charge of 7% until September 30 2003, 6% until September 30 2005, and 5% until September 30 2007, with a £299 arrangement fee.

Neena Kitheroy, Bristol & West Mortgages&#39 senior product manager, says: “The cost of funds on the money market is falling, this means we are paying less for funds and in this time of escalating house prices, we feel it is only fair to pass on these cost savings to customers.”


Mortgages may come within compensation scheme

The FSA is considering whether to include firms that advise on or arrange mortgages within the Financial Services Compensation Scheme. In CP146, the FSA says “the extent of potential detriment to individuals arising from poor mortgage advice is not trivial”. The FSA seeks comment on the maximum amount of compensation that might apply, and the […]

The future has finally been revealed

Last Thursday the Treasury published new legislation for mortgage advice after extensive consultation with the industry. As we reveal across five pages of news, starting on page 4, and five pages of in-depth analysis, starting on page 18, the new mortgage regulations have prompted a mixed response from every sector of the market.Some pundits seem […]

New appointment at First Title

First Title, a provider of title related services, has appointed Phillip Oldcorn as underwriting and business development director. For the last few years, Oldcorn has developed First Title&#39s commercial property title insurance services. First Title is now a leader in this market with a large team of lawyers based in First Title&#39s offices in London, […]

Treasury takes CAB to different level

The Citizens&#39 Advice Bureaux, money advice centres and charities will not fall within the regulated mortgage regime as they are not carried on “by way of business”.While many respondents to the latest consultation on mortgage regulation agreed that money advice agencies should not be regulated in principle, some say a specific exclusion will have to […]

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In Focus — February 2015

Jelf Employee Benefits looks at the issue of paying anaesthetist fees when the patient had no chance to discuss or agree to them prior to care; and provides recommendations for avoiding this scenario.


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