Tesco announced its arrival in the UK mortgage market with an initial offer of a three-year discounted variable rate deal.
The mortgage is being sold via the group’s shops and its website. It is not available via intermediaries. The three-year discounted variable rate starts at 4.75 per cent.
Bankhall Mortgages appoints head
Bankhall has appointed Richard Howells as its first head of mortgages for its newly-formed Bankhall Mortgages division.
The division encompasses Premier Mortgage Service and NU Mortgage Club that were both acquired by Bankhall earlier this year along with their existing mortgage operations, Point One and Intermediary Mortgage Direct.
Record lending for SHIP
The seventeen members of equity release industry body SHIP (Safe Home Income Plans), that represents over 90 per cent of the equity release sector, has reported record quarterly new business figures for the three months to 30 September 2004.
The value of new business written to 30 September 2004 was £338.4 million.
