View more on these topics

BM Solutions to charge £275 mortgage account fee

BM Solutions is introducing a mortgage account fee of £275 to bring the brand into line with Halifax and Bank of Scotland.

The updated fee structure will replace several ad-hoc mortgage services fees that used to be in place for the brand.

The fixed price of £275 will cover the set-up, maintenance and closing down of the account and will be debited to the mortgage account on completion.

It will then remain interest-free for the rest of the loan term.

The mortgage account fee will apply to any new mortgage where the first KFI is generated after 12pm on February 21.

The online application system will be out of use between 8am and 5pm on February 22 while updates are made to take account of the new charge.


Societies most trusted providers, reveals BSA

Independent research from GfK NOP, published by the BuildingSocieties Association, shows savers and borrowers with societies are more satisfied than customers of other financial service providers. In the mortgage market, 74% of customers at societies are extremely or very satisfied, compared to 63% of customers at other mortgage providers. While 67% of savers at societies […]

John Charcol seeks more advisers

John Charcol last week revealed that despite the market downturn and many brokers shutting up shop it is looking to recruit advisers.

Sub-Saharan Africa Near-Term Outlook

By Paul Caruana-Galizia, Neptune Economist

Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.


News and expert analysis straight to your inbox

Sign up