View more on these topics

Scottish Provident adjusts premium rates

Scottish Provident has adjusted premium rates on its death or earlier critical illness benefit, effective from September 26 2005, with the majority of rates decreasing and a small number increasing.

Ricky Okey, director of Abbey Mortgage and Protection says: “This reprice demonstrates our commitment to offering people a great deal on their policies and reinforces Scottish Provident’s position as a leading provider of protection products.

“With rates reduced on most of our death or earlier critical illness policies, customers can be reassured of the same extensive cover, but for even better value for money.”

The reprice means that a 40 year old male non-smoker, for example, with a 20 year term policy will save more than 30 on annual premiums for death or earlier critical illness cover with guaranteed rates.

In addition, a 40 year old female taking out death or earlier critical illness decreasing cover for 25 years will pay 34 less a year.

Intermediaries who submit business using Scottish Provident’s online processing system will receive an extra 10% commission.


Scarborough Building Society Apple giveaway

The Scarborough is building on the success of its recent Plasma TV giveaway with another industry first; this time an Apple iMac G5 package.The UKs second oldest building society is offering a state-of-the-art family computer package with its limited issue MortgagePlus Five-year Flexible Fixed and Five-year Flexible Base Rate Tracker mortgages.From September 28 until October […]

Lenders should innovate rather than charge high fees

From Wesley Davidson Why has almost every buy-to-let lender decided to charge fixed rate 1% and 1.5% fees? It seems there is a ‘low rate, high fee’ bandwagon on the move. The Mortgage Works started the wagon rolling and since then lenders have jumped on it in droves. In most cases I have brokered I […]

GMAC-RFC sees self-cert applications double

In less than two weeks since it launched its new self-cert range, GMAC-RFC has seen its self-cert applications double. With rates from just 4.95%, GMAC-RFC believes it has one of the best rates in the market. It also offers a rapid remortgage option on its self-cert discounted rates. Income multiples go up to 4.5 + […]

FSA appoints new directors

The Financial Services Authority today appointed two new directors and announced some moves among existing directors.Sally Dewar is appointed director of the markets division. Dewar joined the Stock Exchange’s Listing Authority (now the UK Listing Authority) in 1998 and is currently head of primary markets within the markets division. She will report to Hector Sants, […]


News and expert analysis straight to your inbox

Sign up