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C&G to hike interest rates

The rates payable on all C&G variable rate accounts will increase. Most accounts will increase by 0.25%, the exceptions being Direct Transfer and Direct 30, which will increase by 0.15%.

C&G&#39s bonus tracker, which guarantees to track the Bank of England base rate until January 2008 will increase by 0.25% to 4.95% per year gross on the top tier including the bonus of 0.75% payable for the first six months.

C&G&#39s cash ISA will increase to 4.55% and the C&G Tessa ISA bonus will increase to 5% per year tax-free.


Kensington offers no legal fees and cashback on remortgage products

Kensington Mortgages will be offering free legal fees for its remortgage products across its mortgage range, excluding buy-to-let and residential investment mortgages from July 1. It will also be giving £250 cashback on these remortgage products. Alastair Pate, director of marketing and strategy, says: &#34This is the first time that Kensington has launched a free […]

MSN launches AR proposition to non-members

Having given their existing 1,300 members the guarantee earlier this year that they would focus their efforts on ensuring members were supported and assisted in the transition of their businesses into regulation, whether that be direct or as an AR, they are now offering non-members the chance to become a MSN AR. Peter Ransome, sales […]

RAMP appoints director of compliance

The Regulatory Alliance of Mortgage Packagers has appointed Samantha Foxall as its director of compliance. The 10 packagers that make up RAMP are all actively developing their businesses to fully comply with the introduction of Mortgage Day. They will each operate their companies as if they were individually regulated. RAMP has been working with Wragge & Co, […]

Enable gets its MTA letter

The letter, shown here, arrived at Enable&#39s offices on Friday last week. It states: “We are minded to approve your application based on the information you have given us.” The letter means prospective appointed representatives joining the network can be confident they will be able to trade after Mortgage Day. Although not a cast iron […]


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