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IF moves to help savers

Intelligent Finance will now be paying 0.70% more on its DAS and 0.95% more on its mini-cash ISA than at the start of 2003, whilst base rates have risen just 0.5% over the same period. The mini-cash ISA is up to 4.85%, offset mortgage is now 5.7% and tracker is at 4.94%.

Grenville Turner, chief executive, says: “This move once again underlines our commitment to helping savers make their money work harder for them. Our individual rates continue to be amongst the best in the market, but with offset banking savers can go one better and get the kind of returns – a mortgage for an effective 3.4% – that few other products can deliver.”


First Active joins Genesis Direct lending panel

Genesis Home Loans has become one of the first firms to appoint First Active to its lender panel for its direct submission service, Genesis Direct. This means First Active will offer its products to intermediaries via Genesis&#39 direct submission route. The Royal Bank of Scotland-owned brand is launching with two low rate mortgages: a two-year […]

Squirrel and Hovers Swarbrick join forces

Two Midlands financial advice companies have joined forces to take advantage of significant changes in the personal finance industry. Sutton Coldfield-based Squirrel Financial Management and Hovers Swarbrick,of Lichfield, Staffordshire have merged in a deal that will create new jobs and increase stability for the existing workforce. Jonathan Hovers, director of Hovers Swarbrick, says: &#34Any changes […]

Savills founder to launch Purely Mortgages later in year

Mark Chilton, the founder of Savills Private Finance, has unveiled the brand name of the national mortgage broker he is to launch later this year – Purely Mortgages The company is aiming to take a significant share of the UK mortgage market within five years. Chief executive Chilton says he has assembled a director team […]

Networkone urges networks to review fee-charging strategies

Networkone is calling on the majority of mortgage networks to review their fee-charging strategies immediately following the decision by Mortgage Intelligence to stop charging membership fees. Terry Markham, networkone managing director says: “This is a bold step by Mortgage Intelligence. It&#39s a decision that should have a positive impact on their fortunes – and one […]


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