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C&G broker-only deals throw down the gauntlet

Brokers have praised Cheltenham & Gloucester’s range of intermediary-only fixed rate products as throwing down the gauntlet to other lenders.

The products, available from tomorrow, are up to 90% LTV for house purchases and remortgages. There are two, three and five-year fixed rate mortgages for loans ranging in size from 100,000 to 1.5m. Brokers will also receive an additional five basis points on the proc fee.

Jon Pain, managing director at C&G, says: “These deals respond to the needs of advisers and their customers.”

Jonathan Burridge, managing director of Quantum Mortgage Brokers, says: “These rates are excellent and throw down the gauntlet to other lenders. They must respond.”


PT mortgages up

Personal Touch Financial Services has released its six-monthly trading figures which show mortgages up 111% on H1 2005.They also show group turnover at 35m, 36% up on H1 2005.The network says it is on target to exceed 90m this year.

Praxis scoops GMAC Partners award

GMAC-RFC awarded Praxis Mortgage Solutions the top prize at its inaugural quarterly Partners marketing awards. The judging panel was made up of Jeff Knight, director of marketing at GMAC-RFC, Roger Brown, director of GMAC-RFC Partners and Robert Thickett, news editor at Mortgage Strategy. The panel chose Praxis as the winner for its online marketing campaign […]

Interest-only trap could snare FTBs

I’m on holiday enjoying the remote beauty of the Exmoor National Park. One of the perks, but also the pains, of a holiday in the wilds is that it is difficult to get service on your mobile phone or internet connection. Which is why the initial impulse to move out of the urban sprawl and relocate to the peace and quiet of the countryside has quickly worn off.

Home credit needs more competition

The Competition Commission says lack of competition in the home credit market is the reason that consumers pay high prices for their loans.

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In Focus — February 2015

Jelf Employee Benefits looks at the issue of paying anaesthetist fees when the patient had no chance to discuss or agree to them prior to care; and provides recommendations for avoiding this scenario.


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