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L&G Mortgage Club launches exclusive with RBSIP

Legal & General Mortgage Club is launching an exclusive two-year fixed rate deal with Royal Bank of Scotland Intermediary Partners.

The rate is available at 5.45% at a maximum LTV of 80% with an arrangement fee of £999.

The product is available for purchases only for advisers part of L&G’s mortgage network, L&G Partnership Services.

Martyn Smith, head of mortgages at L&G, says: “There are signs of life in the higher LTV market and this is a good example of a competitive rate at those levels.

“We expect this deal to be popular as it is for house purchases, rather than remortgages.”

Steve Carruthers, head of corporate accounts at RBSIP, says: “We have been working closely with L&G to understand the sorts of deal that they are interested in and to develop products that are right for their advisers and their clients.

“I am delighted that we have been able to set up this deal.

“Not only does it demonstrate our commitment to the broker sector but it also recognises the benefit of a collaborative approach with our business partners.”


Sleep tight

Since things went a bit t*ts up in the economy the old chestnut “you’re safer keeping your money under your bed” has been widely touted.

Home Buyer Systems sees surge in broker fee volumes

Home Buyer Systems, a sourcing, sales and compliance system for mortgage and general insurance brokers has seen a 94% increase in the volume of broker administration fees processed through its system, compared with 2008 levels.

India Election Update

What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.


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