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Poor value savings products boost mortgage overpayment

The number of home owners making overpayments on their mortgages has gone up by half in the past year, figures from Co-operative Bank Mortgages reveal.

Meanwhile, a separate poll of the bank’s customers has thrown light on the reasons why many borrowers are overpaying.

The low level of returns on savings products emerged as a major factor for borrowers increasing their mortgage payments, with 80% of those polled claiming this was the case.

Some 37% of home owners are paying more off their mortgages because of falls in the base rate.


Judge predicts a repossessions avalanche

Courts in the Irish Republic face an avalanche of repossession cases as the recession deepens and job losses soar towards 400,000, a top judge has predicted.

Mortgage Intelligence offers 48 hour proc fee

Mortgage Intelligence is offering 48 hour procuration fees for Abbey’s latest exclusive 3.59% two- year fixed broker rate to all directly authorised members.

Brokers forged in the fire will survive

We are living in extraordinary times. In fact, even the word extraordinary somehow seems too ordinary to describe the current roller coaster global economic situation.

‘How to…audit your auto-enrolment scheme compliance’

Avoid pension penalties with our auto-enrolment checklist

According to the Pensions Regulator’s annual commentary and analysis report released this month, 785 potential non-compliance cases were referred for investigation, with 23 auto-enrolment compliance notices issued. And they predict that the use of their statutory powers is only going to increase.


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