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L&C launches offset deal

London & Country, the leading no-fee mortgage broker, is launching an offset deal with an initial rate of just 4.69%.

Pegged at 0.19% above the Bank of England Base Rate until December 1 2007, it offers flexible features including full offset facilities. For borrowers looking to remortgage, the deal also provides a refunded valuation and free basic legal work.

The choice of offset deals has increased considerably in recent years and rates have been steadily improving. With the rate on this new deal getting much closer to standard deals, fewer savings are needed to make offsetting worthwhile.

James Cotton, mortgage specialist at L&C, says: “Traditionally, the rates on offset deals have been higher than standard rates, so borrowers have needed a considerable amount of savings to make them worthwhile. However, as the margin shrinks, more and more people can benefit from offsetting.”


Second rate insurance cover for renters a thing of the past

Despite the recent slump in house growth prices, more and more people, typically 20 and 30-something professionals, are now living in rented accommodation as they try to get their first step on the property ladder.However, one problem that renters have to face is insuring their possessions. Many insurers shy away from insuring the property of […]

Welcome to sub-prime, but beware

New entrants in the sub-prime sector must understand the complexities involved, but the increased competition should be welcomed by brokers and customers, says John Webster

GMAC-RFC reports biggest week of 2005

GMAC-RFC reports its biggest week of 2005, with a record number of weekly applications. This week has been the biggest week in 2005 so far for the lender, which is attributing the rise in volumes to its service levels, the introduction of broker-friendly technology that includes the cascade system, and competitive products.John Malone, managing director […]

Health check

The FSA has already found fractures in the critical illness sector and radical treatment will be needed to restore it to good health, says Simon Burgess

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Consumer attitudes to protection

Royal London commissioned Opinium to run our State of the Protection Nation research to find out how people felt about their own protection needs and the industry as a whole. By Ross Jackson, Senior Protection Marketing Manager We surveyed people who had already taken out some kind of protection insurance and those who didn’t have […]


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