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Scot Prov mortgage club gets exclusive B&W and Woolwich deals

Scottish Provident&#39s mortgage club, The Mortgage Alliance, has negotiated two exclusive deals for its members from The Woolwich and Bristol & West.

The two-year tracker deal from The Woolwich is available on its Openplan Flexible Mortgage with a special initial rate of 3.55%. At the end of the two-year period the rate reverts to Barclays Bank base rate of plus 0.99%. The offer is up to 95% LTV and 90% on remortgages.

The exclusive deal from Bristol & West Mortgages offers a standard variable rate of 4%, which 0.25% above base rate for 48 months then 1.75% above base for the rest of the term with no extended tie-in.

The special rate open to first-time buyers, is available on loans starting at £15,001, from £25,001 for remortgages, up to a maximum of £999,999.

The deal, includes a free mortgage valuation report and free legals for remortgages package via Legal Marketing Services.

Mark Evans, national mortgage manager, says: “These latest deals represent some of the best rates around for members to offer their clients whether they are buying or remortgaging. There are limited funds available and the company expects them to be popular.”


L&G extends its trading platform

Legal & General has extended its electronic trading systems for its protection range so that more cases can be processed automatically through the whole new business process. The company has enabled IFAs and business partners using its eProtection Choices range to benefit from an automated underwriting service similar to that of its Online Term Assurance […]

Industry row over The Mortgage Partnership name

The director of northern-based packager The Mortgage Partnership has expressed his outrage over Park Row Independent Mortgages&#39 decision to name its network The Mortgage Partners &#45 stating it will cause unnecessary market confusion. John Mawdsley, director of The Mortgage Partnership, which began trading in 1997, is concerned the name clash will result in industry confusion, […]

Greenbank signs up Nereus Infotek

Greenbank Mortgage Services has signed up with Nereus Infotek for its packaging system D@shboard. Based in Newry, Co Down, GreenBank provide a specialist mortgage packaging service to brokers in Northern Ireland. Brian Newell, operations manager at Greenbank, says: “After extensive research, Greenbank has chosen Nereus Infotek&#39s D@shboard system as this will provide all the facilities […]

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 […]

A bull case for US equities?

Neptune video: a bull case for US equities?

Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.

In the video, Wintle addresses the following:

• The US market and why — despite equities rising from 2009 — he believes the structural bull market only started in 2013
• Key economic and corporate factors that can drive the S&P 500 higher
• Investment themes and sectors offering exposure to the domestic recovery


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