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HBOS welcomes savings regime announcement

HBOS has welcomed yesterday&#39s announcement from the Treasury about a new long-term savings regime for the UK.

HBOS believes that a 1.5% annual charge is realistic and will undoubtedly increase the level of competition within the savings industry. More transparency and more competition is good news for customers. It will give a greater number of consumers access to advice and products; providing more solutions, for more people, to the £27bn per year savings gap.

HBOS introduced a range of Sandler-style products two years ago. These products, which include advice in their pricing, all feature no initial charge, no exit fees and annual charges of 1-1.5%.


Co-Op risks broker wrath over SVR hikes

Brokers are waiting with baited breath, ready to pounce with criticism if the Co-Operative Bank hikes its rate yet again following the most recent Bank of England base rate rise. After May&#39s base rate rise of 0.25%, the Co-Op raised its SVR by 0.45% – the highest rise made by a lender that month. Although […]

Pink extends fixed rate end date on B2L product

Pink Home Loans has extended the fixed rate end date to September 1 2006 on the Pink Choices buy-to-let product. Pink Choices is a branded lending product funded by GMAC-RFC and offers arate of 5.99% fixed to September 1 2006 up to 75% LTV and 6.39% fixed to September 1 2006 up to 85% LTV. […]

Brokers back MS to take TMW Euro 2004 crown

Betting on The Mortgage Works charity five-a-side football tournament on June 21 went supernova last week with Mortgage Strategy clear favourites to win the title. Visitors to Mortgage Strategy Online punting to win a jeroboam of champagne reckon the scribblers&#39 team is tops for the title, ranking Alexander Hall a close second. After a dazzling […]

The fight for ARs is going to get messy

The battle of the networks stepped up a gear last week when Mortgage Intelligence announced that it is offering brokers the chance to join its network free of membership fees until October 31 2004. MI managing director Sally Laker says the decision was taken for two reasons. Firstly, the financial costs for prospective ARs before […]


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