ING Direct has confirmed it is considering launching a mortgage product in 2006.For over a year there have been a number of rumours circulating that the Dutch-owned organisation was setting up a mortgage arm. The company has finally confirmed that while several products are up for consideration, the front runner is now a mortgage. A spokeswoman for ING Direct says: “Before launching a mortgage we will consult customers as we want to offer a product that shares the open, honest and simple approach we have brought to the savings market. “Over the next few weeks a questionnaire will be sent out, asking what product features would be valued. Once this feedback is taken on board the product can be finalised and launch plans made.” ING Direct launched its savings account in 2003 and has since signed up over 900,000 customers.
From Dave Rogers I met some friends a few days ago for a bite to eat and some mortgage advice. I would describe them both as of average intelligence (or highly intelligent if they read this) and had an idea. Having produced the usual report to the best of my ability I set my friends […]
The offset market has the potential to double in size in the next 10 years if it is not overlooked, says Intelligent Finance. Offset products only represent 10% of the market at the moment but Nick Robinson, managing director of Intelligent Finance, says there is scope for that to double, potentially saving borrowers 370 a […]
Nationwide recently reported that 800,000 borrowers have paid 1bn in higher lending charges over the last five years.The HLC offers a measure of protection to the lender if a borrower defaults on the mortgage, but it is important to emphasise that although the customer has to pay the premium, it is the lender that benefits […]
xit2 has announced the promotion of David Ford to the board of the Conveyancing Portal.The Conveyancing Portal is a fully automated and interfaced database acting as a conduit linking Lenders and conveyancing solicitors. Data is distributed in real time ensuring all parties in the process have synchronised information. Prior to joining xit2 in April of […]
By Amanda Docherty, senior marketing consultant Apart from career success, millions in the bank and, on appearance, coveted lifestyles, what else do Rio Ferdinand, Lady Gaga and Ellie Goulding all have in common? They’ve all demonstrated that the power of celebrity can sometimes have a more altruistic purpose than idle gossip. Recently we’ve seen respected […]
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