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Northern Rock cuts rates

Northern Rock has cut rates on its two and five-year flexible base rate tracker deals.

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81% Of brokers think MCOB should be reviewed

A massive 81% of Mortgage Strategy Online readers think the Financial Services Authority should review the Mortgage Code of Business. Last week the Institute of Mortgage Lenders Association called for an urgent rethink, arguing regulation has brought little benefit to consumers despite the extra costs borne by lenders and brokers. Just 19% of brokers believe […]

Market Watch

Swaps rose sharply last week, reversing recent drops. One-year money is up 0.06% at 4.56% Two-year money is up 0.10% at 4.52% Three-year money is up 0.10% at 4.53% Five-year money is up 0.11% at 4.54% Bank of Ireland has taken the brave decision to withdraw all of its standard rates to preserve its service […]

Pink Announces 6th 1000 Index Survey Winner

Pink has announced the winner of its 6th Pink 1000 Index survey. Ronald Burke of Midas Mortgage Associates based in Gillingham has been independently selected to receive a satellite navigation system for taking part in Pinks 6th Pink 1000 Index survey.Burke says: “I am delighted to have been selected as the winner of the satellite […]

Report uncovers endemic mis-selling in the PPI sector

A major industry report on payment protection insurance by Advice UK reveals commission loaded, over-priced products and volume sales are combining to produce “endemic mis-selling” in the sector. Looking at the relentless drive for profits by the banks, the report accuses them of completely over- riding product suitability and affordability. One major problem is that […]

Unfinished business?

Pension specialist Fiona Tait gives an update on three big announcements from the 2016 Budget – Pensions Advice Allowance (PAA), the Lifetime ISA (LISA) and the pension dashboard. £500 Pensions Advice Allowance What’s new Under current rules it is possible to deduct an adviser charge from a defined contribution pension fund to pay for financial […]

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