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Coventry&#39s new Flexx mortgage capped at 3.99%

Coventry Building Society is adding a Flexx capped mortgage to its portfolio on Wednesday November 6.

The new product combines flexible features with the guarantee that the interest rate will be capped at 3.99% until 31 March 2005.

The product is at 0.95% above Bank of England Base Rate until March 31 2007. There is daily interest, no early redemption charges, free valuation, a free remortgage transfer service, a £295 arrangement fee (added on completion), up to 95% loan to value. There is limited availability.


Conference tackles the big issues

Delegates learnt the best way to balance high demand with quality customer service at last week&#39s Mortgage Strategy on Best Practice in Mortgage Processing conference. Some of the industry&#39s best-known names gave their view on subjects as diverse as improving broker/lender communication and the role of technology. Opening the two-day event last Monday at London&#39s […]

ABI launches initiative to help boost retirement savings

The Association of British Insurers yesterday launched its Budget for Savers initiative, just weeks before the government publishes its pensions Green Paper. Budget for Savers sets out a series of practical and affordable proposals to help UK workers save more for retirement through the workplace. The ABI initiative comes as new, independent research by IFF […]

The MarketPlace announces new VirginOne account with cashback

The MarketPlace at Bradford & Bingley has launched the Virgin One Account with the added incentive of £500 cashback, which is exclusive to the UK&#39s largest mortgage broker. The rates are tiered depending on a borrower&#39s loan-to-value, but a 90% LTV deal is available at 5.55% (5.7% APR). Key features include: £500 Cashback Fully flexible […]

Tiny cabin sold for nearly £60,000

One of the UK&#39s smallest homes – a wood and brick hut which has been converted into a tiny dwelling – has been sold. The 15ft by 10ft home in Sidford, east Devon, went on the market for £59,950. Colin Moorhouse, of Redferns estate agents, said the former fish and grocery shop had sold for […]

Partied out and penniless

December has left me destitute. My piggy bank lies broken and empty, my lunchtime meal deal feels like an extravagant expense and I’m down to the Bountys in my box of Celebrations. But I won’t mourn my dearly departed pennies. Between buying gifts for loved ones (then deciding to keep them for myself) to treating […]


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