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Advantage launch new higher lending charge free products

Advantage Home Loans, the branded mortgage arranger, says it has launched major improvements to its M300 range, funded by Mortgages Plc, to provide brokers with greater flexibility and choice when accessing the range for their clients.

New features include a HLC free range that in addition boasts a 200 cashback on heavy and fastrack remortgages.

It has also launched a limited availability new fastrack express product, a new product for borrowers with any amount of CCJs and arrears, available up to 70% LTV. Borrowers who are currently in arrears with other sub-prime lenders are acceptable, no lender references are required, and free legals available on remortgages.

Sarah Jones, product manager at Advantage, says: “These exciting new enhancements to our competitive M300 range will be one of our best sellers and in addition to the great client offers above there are free valuations on selected deals.”


Enterprise welcomes FSA wake-up call to sub-prime advisers

Michael Clapper, CEO of London-based Enterprise Group, has welcomed the findings of the recent FSA review on sub-prime mortgage advice and warned brokers to see it as a wake-up call.The review conducted by the FSA, was to assess whether advisers were taking reasonable steps to ensure that recommendations to take out sub-prime mortgages were suitable […]

Money partners reduces rates

After the recent three-month LIBOR reset, specialist lender Money Partners Limited has dropped its variable rate to 4.65% effective from September 1, 2005.This means that both discount and variable rates have been reduced for the second time in just four weeks, with a one-year discount on Money Partners’ new Premier product now starting at 4.05%.There […]

Summer inflation and house price statistics

The UK house price inflation rate fell from 5.0% in June 2005 to 4.0% in July 2005. Mix-adjusted prices rose by 1.1% between June and July 2005, compared with a rise of 2.1% seen over the same period in 2004.The rise in UK prices between June and July can be largely attributed to increases of […]

Legal & General adds products to online protection

Legal & General has continued to develop its e-business service with the expansion of its protection and general insurance products on its integrated quote and apply system, Online Protection. The product suite now includes the following products: * Family and Personal Income Plan, the family protection product with a monthly benefit.*Mortgage Payment Protection Insurance, providing […]

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]


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