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RBSIP unveils fixed rates

RBS Intermediary Partners has unveiled new rates in its First Active fixed rate range. These include a two-year fix which will only be available online at 5.99% with a £699 arrangement fee.

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Single premium PPI “not in customer’s best interest”

Paymentcare.co.uk has slammed single premium payment protection insurance policies as “not in the customer’s best interest”.It says stand-alone PPI policies offer customers a credible alternative to expensive lenders own offerings and provide much better value for money.Shane Craig, managing director of Paymentcare.co.uk, says: “With the Financial Services Authority due to publish a consultation paper this […]

Repayment mortgages losing their market share, says Paragon

The past decade’s trend towards repayment mortgages over interest-only deals maybe beginning to turn, the latest research by Paragon Mortgages reveals.Paragon says that since 1996 there has been a demise of endowment mortgages as people lost confidence that their policy would generate sufficient funds to repay the original loan. Instead a growing number of home […]

Auction losers wasted £22m in 2006

Unsuccessful bidders at property auctions collectively racked up losses of nearly £22m last year, according to auction website Humraz.com.The online auctioneer has investigated the cost of the professional services conducted prior to property auctions, including fees paid to lawyers and surveyors.It found that pre-auction fees per consumer can add up to more than £1,000, with […]

Advantage launches sub-prime product range

Advantage has launched a sub-prime product range including two-year fixed rates from 5.79% and has also mades criteria changes.Keith Dearling, managing director at Advantage, says: The sub-prime mortgage market has used the same categories for many years and it can be unpleasant for a client to be labelled heavy adverse etc. Therefore, we have created […]

Retire, retirement, calculator

Defined benefit schemes: Part 2

Justin Corliss, business development manager In defined benefit (DB) schemes part 1, we looked at recent guidance aimed at DB scheme trustees and sponsors. In part 2 we will look at guidance available to pension transfer specialists (PTS). In the first instance, PTS should familiarise themselves with COBS 19. All guidance below is designed to […]

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