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TMO enters commercial mortgage market

The Mortgage Operation has entered the commercial mortgage market for the first time, linking up with the Bank of Scotland to offer its SmartFinance product with rates starting at 5.25%.

The new product also has the additional facility to offset the business bank account against the mortgage with no early redemption charges and for TMO members a dedicated telephone number and email address has been set-up to handle enquiries.

Bank of Scotland was recently named &#39business bank of the year&#39 at the Business Finance Gala Awards for the second year running and &#39commercial mortgage provider of the year.&#39

Richard Stokes, head of product development at TMO, says: “TMO is extremely pleased that Bank of Scotland has agreed to be the company&#39s first lending partner for commercial mortgages. Its underwriters are renowned for thinking &#39outside of the box&#39 and are happy to help brokers throughout the process.”

David Walker, director of specialist finance at Bank of Scotland, says: “Bank of Scotland is pioneering the way forward in offset lending for commercial businesses.

“Its SmartFinance current account is set up to calculate interest at Bank of Scotland base rate on credit balances and, instead of actually paying interest, it reduces the interest on the commercial mortgage by an equivalent amount.

“This means borrowers could pay off their mortgage quicker and save thousands of pounds.”


Lending rises by record £6.1bn in October

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Consumers&#39 Association warns of gap in consumer protection

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Neptune video: Abenomics: the impetus for Japan’s fast-track recovery?

The remarkable performance of the TOPIX over the past year has caused many sceptical equity investors to look again at the Japanese market. These returns have come despite very significant problems facing the Japanese economy. Chris Taylor, manager of the Neptune Japan Opportunities Fund, discusses these problems and whether Abenomics will be able to overcome them, enabling the market to continue to rise.

In the video, Taylor addresses the following:

• The size and speed of Japan’s unprecedented monetary policy
• Abenomics and the implications should it fail
• Corporate Japan and beneficiaries of government policy


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