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Peter Timberlake quits L&G to join Standard Life

Angela Robertshaw, a spokesperson for Legal & General, says: “It is a great opportunity for Peter and we wish him well in his new role, which he will start in mid-November.”

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What will the MPC do with the base rate?

Figures released by the Royal Institute of Chartered Surveyors this month show that property prices froze for the first time this year across most of the country during the three months to July. RICS believes that back-to-back interest rate rises are responsible for a significant drop in the number of people looking to buy. So, […]

Kensington offers fixed rate range

It is also increasing its three-year stepped discount by 0.50% to 2.25% over three years. Alastair Pate, director of marketing and strategy, says: “The addition of our longer fixed rate options mean there is even more variety in our portfolio, giving you and your clients more flexibility. By increasing the discount on our three-year stepped discount […]

Broker criticises Trigold over KFI printout problem

He says: “I spoke to the technical people at Trigold who told me that they were aware of the problem. “But if it takes a week to correct a teething problem now, what are they going to do come Mortgage Day?” In response, Trigold says the problem related to the way it mapped the different […]

Rising rates and humid weather slow retail sales in August

Retailers cited successive interest rate rises and August&#39s unpredictably humid weather for the slowest sales performance since March 2003, reported in the CBI&#39s latest quarterly distributive trades survey, published yesterday. The survey shows that July&#39s unexpected slowdown in sales continued throughout August despite expectations of a pick-up. 34% of firms say sales were up on […]

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