Scarborough has signed an exclusive deal with mortgage club Portfoleo.The society says it hopes to build its presence in the broker market through its relationship managers. Through Portfoleo, the society will be offering a three-year tracker buy-to-let deal at base plus 0.79% for three years, stepping up to base plus 1.49% for the remainder of the term. The product also offers an arrangement fee of 595 and a maximum LTV of 80%. The deal signals Scarborough’s emphasis on developing in niche product areas including buy-to-let. Simon Evans, relationship manager at Scarborough, says: “Intermediaries are critical to our success and we are working hard to build relationships and discover fresh ways of meeting brokers’ needs.”
New research reveals that consumers who look beyond their high street loan provider of loan protection insurance could save well over 3,000 over five years on a 7,500 loan.The research from specialist insurance website www.protection-insurance.com, which compares the cost of protecting a loan via the top 10 lenders, warns against the hard sell approach sometimes […]
Brokers might not yet have been asked to find a client a mortgage for their dream home from IKEA but the question could be raised soon.
Draft regulations on Home Information Packs published by the government last week have met with a mixed reaction from the mortgage industry. Though the market has long been aware of the plans to implement the packs and speculation regarding their content has proved largely accurate, publication of the laws has brought a fresh wave of […]
Voting for Pink Home Loans 1000 Index is closed which means that another winner has been selected for expressing their views on key industry issues in Pinks latest survey.Kerry Megginson from Brideshead Independent in Norton, Malton has been independently selected to receive 250 worth of gift vouchers for taking part in the survey.Megginson says: I […]
There are now more active savers in UK DC pension schemes than in DB pension schemes, according to recent stats from the Pensions Policy Institute. It also estimate that in just 15 years there could be as many as 17 million members enrolled in DC workplace pension schemes*. Based on current experience it is expected […]
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