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Charcol launches 1.55% discount mortgage

Charcol has launched a 1.55% discounted mortgage to January 31 2007.

The product has a current pay rate of 4.24%, capped at 5.99%.

Ray Boulger, senior technical manager at Charcol, says: “Most fixed rate mortgages now look expensive when compared to discount and tracker deals. Capped rates are beginning to offer better value, although good deals are still few and far between.

“This product offers a level of repayment security for those borrowers who would prefer it, by trading off part of the discount for a cap. It will appeal to borrowers whose basic preference is for a discount, but are still nervous about interest rates. Penalties apply during the discounted and capped period only and after this borrowers should review their options.”


Trigold shrugs Off poor results

Ifonline Group, owner of mortgage sourcing system Trigold, has rebuffed industry criticism of the low profits and continued losses revealed in its 2002 results. The company made just £685,000 over the year against a loss of £5m. Auditor Moore Stephens reveals that the company was reliant on “additional funds” provided by principal shareholders to bring […]

Destini buys two more IFA firms

Destini Financial Services has purchased two more large IFA firms &#45 Applewood Associates, one of Sesame&#39s largest IFAs and Essex, and Kettering-based Bervale Mead financial consultants. This brings the number of IFAs taken over by Destini to 11 over the last 12 months. Both purchases were made for a mixture of cash and Destini shares. […]

Study examines use of internet in mortgage industry

Half of all intermediary lending is now conducted online, accounting for 19% of total UK gross mortgage lending, a study reveals. The 2003 Mortgage Lenders&#39 Intermediary Websites Benchmark Study by TowerGroup and Frank Eve Consulting analyses how mortgage lenders and intermediaries use internet technology to speed up the lending process for intermediaries and their consumer […]

Guaranteed HomeLoans Network picks Trigold

The Guaranteed HomeLoans Network has chosen Trigold for its mortgage sourcing and compliance software. The network will provide advisers with a customised version of Trigold&#39s mortgage point-of-sale software Prospector Plus. The package will also include Compliance Shield, allowing compliance managers to unobtrusively and remotely monitor the sales activities required by imminent compliance regulation. The sourcing […]


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