View more on these topics

Barclays and The Woolwich hike standard variable rate

Barclays and The Woolwich will increase their standard variable mortgage rate by 0.25% to 6.54% for both new and existing borrowers from July 1 2004.

This will cost the average homeowner with a £75,000 repayment mortgage over 25 years an extra £11.67 a month.

As with previous rate changes, savings rate increases from Barclays and The Woolwich will be effective from the same day as the new mortgage rates (July 1 2004). Savings rate details will be announced later this month.


Networkone service to help members with PR

Networkone is to launch a major initiative designed to take care of the advertising, marketing and PR needs of its appointed representatives. The service, called PRofile, will be launched on July 1 and is believed to be the first service of its kind to be unveiled by a mortgage network. PRofile, which is available free […]

Closing the savings gap is the top priority for government, says ABI

The Association of British Insurers yesterday announced that reducing Britain&#39s £27bn annual savings gap should be a top government priority. Commenting on yesterday&#39s announcements on the Sandler suite of products, Mary Francis, director-general of the ABI, says: “This decision is a step in the right direction. The government has recognised that the 1% price cap […]

Abbey creates online protection link on Trigold

Users of the Trigold sourcing system Prospector Plus can now click straight through to Scottish Provident&#39s online quotations on disk system for a protection quote with no need to re-enter client details. The technology has been developed by Abbey for Intermediaries in partnership with Trigold in order to make it easier for IFAs to carry […]

Consumers say house prices will carry on rising

The Woolwich yesterday released May figures on consumer confidence in the housing market. The percentage of consumers who expect house prices to increase has soared by 11% already this year from 56% to 67%. These figures are close to the peak levels ever recorded by The Woolwich – when in 2002 confidence peaked at 68%. […]

Reforming India: just the beginning

By Kunal Desai, Neptune India Fund

As global investors continue to scour emerging markets through the lens of reform potential, India shines bright. Indeed, we think it can sparkle even brighter. We anticipate India’s self-imposed 10-year ‘policy holiday’ to turn into one of the most pro-growth and pro-investment policy calendars seen in Asia in years. The Indian electorate has engineered a historic verdict. We now have the strongest Indian government since 1984, with the pro-market Bharatiya Janata Party (BJP) achieving an absolute majority for the first time in the party’s history.


News and expert analysis straight to your inbox

Sign up