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B&B remortgage deal for online customers

Bradford & Bingley has launched a 72-hour remortgage offer through Norwich and Peterborough, exclusively for online customers.

The initial rate is 4.5%, with the second year being at base rate plus 0.25% and the third, base plus 0.50%. It then reverts to base plus 0.75% for the remainder of the term. The deal includes free legals and valuation fees.

Duncan Pownall, mortgage development manager at B&B says: “This is perfect for customers wanting to remortgage.

“It might not be the best rate but it offers fast service.”


FSA position on holding client money is clear as mud to me

From Andrew Hughes I read with amusement the letter from Andrew Green (Mortgage Strategy September 5) regarding holding client money. I asked the same question to an FSA adviser at a recent FSA roadshow and the reply was along the lines of, “If a client gives you cash or a cheque payable to your company […]

Directors quit The Mortgage Business

Managing director Bill Dudgeon and director of sales and marketing Mark Bergin have quit The Mortgage Business along with fellow directors David Parry and Paul Graham.All four are leaving to go to Deutsche Bank, for yet to be named positions although it is widely tipped they will be launching a new specialist lender into the […]

Revell appointed head of regulatory services

Ross Revell has joined Virtual Net as the new head of regulatory services. Revell, who previously worked with Saga, will be responsible for ensuring all regulatory requirements of the FSA are complied with, and that members of the Virtual Net group receive an excellent service standard.Revel will also have overall responsibility for the client and […]

Pink appoints operations manager

Pink Home Loans has appointed Janet Johnson as operations manager in its packaging department. Johnson joins the operations team having worked at Pink, the mortgage network, distribution and packaging company. for over five years. She started her career at Pink as a mortgage adviser in the mortgage desk team and later worked her way up […]


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