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First and Last

I think back to my first mortgage and to a time of hope over experience and I wonder why building societies were so stupid. I was graduating from business school and wanted a smart flat in Pimlico in London for 22,500. But my Halifax manager said my maximum advance was 15,000 and that single men shouldn’t need more.

So I went to a mortgage broker for a 3,000 second charge from Norwich Union, my employer for a 4,000 unsecured overdraft and my father for money for fittings. My indebtedness was about 25,000 on a property of 22,500. Thankfully house price inflation and a pay rise bailed me out.

My last mortgage – with Abbey – came hassle-free via John Charcol. This was a real achievement as I was borrowing to invest in Retirement Plus and was not certain of the future. But I got a full status mortgage, which I am delighted with.

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What employers should expect over the next five years

A major feature of our articles is looking into the Jelf Employee Benefits crystal ball to predict changes and trends that may influence the short and medium term shape of UK employee benefits.  By flagging such changes early we aim to provide our followers with the tools to make sensible and informed decisions on their benefits offerings.

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