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Bank of Ireland launches new mortgage range

Bank of Ireland has today launched a new fees-paid remortgage range with rates starting at 3.59% for a two-year stepped discount.

Easyswitch allows remortgage up to 95% for almost any purpose. It covers standard legal remortgaging costs using the lender&#39s solicitor panel, and refunds the lender&#39s usual valuation fee up to £500. There is no arrangement fee.

There is a discount in the first year of 2.36%, producing a starting rate of 3.59%. The discount in the second year is 1.46%, a rate of 4.49%. There is no tie-in after the two-year term, when the rate reverts to the lender&#39s SVR, currently 5.95%.

George Chapman, director of Brighton-based The Mortgage Information Bureau, says: “This is a very competitive and attractive rate in its market, and last week&#39s Bank of England decision to keep interest rates on hold suggests that lenders will not be moving their SVRs much in the near future.”


Keeping it discreet

From Steve ScholesScottish Life Mortgages has 26 lenders on its panel who provide a vast range of products to meet customers needs both online and offline through its Mortgage Club and packaging facilities. SLM also offers virtual banking facilities such as general insurance and personal loans. We have developed direct download functionality with key lender […]

LifeStyle Finance appoints call centre boss

Sub-prime mortgage broker and packager Lifestyle Finance has appointed Neil Fearneyhough as manager of its new call centre in Liverpool. Fearneyhoughl joins Lifestyle Finance from Vertex, the UK&#39s largest call centre outsourcer, with previous call centre management experience at Littlewoods, Bet Direct and Barclaycard. He reports direct to Lifestyle Finance&#39s directors Mike Worthington, Darren Millington […]

CFM signs deal with black & white

Commercial First Mortgages has signed a distribution agreement with the black & white mortgage company. CFM, launched in October 2002 by former igroup MD David Johnson and Trigold chief executive Martin Finegold, completed its first business in December. CFM has a restricted database of brokers and says it is looking to establish further deals with […]

BMS to ditch proc fees on mainstream products

BM Solutions is to stop paying procuration fees on mainstream and ex-patriot products from the beginning of February, writes Harriet Williams. BMS says it has decided to focus on specialist business and sees a time when it will eventually phase prime products out. Martin Reynolds, key account manager at BM Solutions, told Mortgage Strategy: “We […]


Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.


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