View more on these topics

Dunfermline looks to attract loyal customers

Dunfermline is looking to attract loyal mortgage customers ahead of &#39rate-chasers &#39 with the launch of the straightforward lifetime tracker mortgage.

The lifetime tracker mortgage is open to purchasers, re-mortgagers and first-time buyers alike. It offers a tracked pay-rate of 0.74% above Bank of England&#39s base rate for the life of the mortgage.

It features the added incentive of a set capped rate until May 31 2007. The cap guarantees that a customers pay rate will not increase above 6.09% during the specified term. After May 31 2007 there will be no early re-payment charges.

Another feature of this long-term mortgage is the arrangement fee. At just £295 it is less than those of alternative lenders for similar products and can easily be added to the sum of the loan.

Brian Morton, sales and marketing director, says: “The company understands the long-term needs of its customers. With the lifetime tracker, it is catering for people who are not swayedsolely by low introductory rates or discount periods.

“The extended capped rate and simple, yet attractive pricing policy, assures homeowners Dunfermline has their best interests at heart long into the future. ”

Recommended

Skipiton says 5.59% SVR lowest in market

Skipton says that its 5.59% standard variable rate makes it one of the lowest on the market. The new rate will be created when the society&#39s existing concessionary mortgage discount scheme is incorporated into the residential SVR on July 1 2004. John Goodfellow, chief executive, says: “When Skipton launched the mortgage discount scheme in 2001, it […]

Packagers opt to take the safe route

It seems the majority of packagers are not taking any risks in a bid to hold on to their share of business come Mortgage Day. As we reveal on page 4, six in 10 packagers have applied for direct authorisation. And in the long run, provided they meet the FSA&#39s requirements, that could turn out […]

Halifax reveals Liverpool house prices strengthened by Euro award

Halifax has published research revealing that Liverpool winning the title of European capital of culture 2008, has coincided with a strengthening in house prices in the city and also compared to the North-West region as a whole. In the nine months following the title nomination in June 2003, the average house price in Liverpool has […]

Mortgage Choice reveals rugby top winner

Mortgage Choice has revealed that the lucky winner of its competition for a signed Irish national rugby team shirt was Ray McHugh of Robert Sterling. The firm invited visitors to its stand at the Manchester Expo to drop a business card into a bucket for a chance to win the shirt, signed by the triple […]

Time for a new approach to asset allocation

Trevor Greetham, RLAM’s head of multi asset, introduces the recentlylaunched RL GMAPs. Asset allocation has become an increasingly difficult challenge for investors and advisers in the years since the financial crisis. Sometimes violent price swings in stock and commodity markets coupled with the collapse in the rate of interest on bonds have made it harder […]

Newsletter

News and expert analysis straight to your inbox

Sign up