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TMB revamps product range

The Mortgage Business has revamped its self-cert, house to house and multi buy-to-let products. Managing director Nigel Payne says: “This is the result of packagers telling us what they need to provide an edge for their customers.”

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Online service launched by Co-Owenership Housing Association

Northern Ireland Co-Ownership Housing is now making it easier for potential first-time buyers, vendors and estate agents to access information on co-ownership through the launch of a range of new online information services. Alan Crowe, chief executive at the Co-Ownership Housing Association, believes the new website will be a valuable resource for all those in […]

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 […]

edeus signs up 5,000th intermediary

edeus, the mortgage lender created by Michael Bolton and Alan Cleary has signed up its 5,000th intermediary.It reached the 5,000 mark its target for the end of 2006, just 10 days after launch.Alan Cleary, managing director of edeus says: Brokers have embraced the edeus story. Although we were certain brokers would be interested in the […]

Nationwide denies fiddling figures

Nationwide has rebutted accusations that it is falsely advertising its products in an attempt to gain customers. Nationwide reportedly asked sourcing system Trigold to change the Bank of England base rate back to 4.5% on its system despite the recent 0.25% increase. A source at Trigold says: “Nationwide called and asked us to lower the […]

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England vs Australia: pensions

Well, the cricket season is here, and England and Australia are stepping up to the wicket. Although we compete with each other in the sporting world, when it comes to pensions, Australia’s pension programme is held up as a model for our auto-enrolment initiative. Auto-enrolment was introduced because people weren’t saving enough into their pensions, and it is still early days but signs are positive. However, in Australia, saving into a pension is compulsory, and in fact employers are the ones who have to pay in. Employees in Australia can make additional contributions into their pensions, but they don’t have to. Should the onus be on the employer or employee to save? Well in the UK we think it’s both, but to get ‘adequate’ savings for retirement it’s the employee who has to pay more in.

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