Mortgage Advisory Company has announced an online ‘click and refer’ service for brokers worried about advising or qualifying for SIPPs.
www.sippadvisoryservice.co.uk will allow mortgage brokers to sell leads to SIPP-qualified IFAs in the client’s area. A ‘no cross-sell’ contract will be employed to protect the broker’s core business.
800,000 customers ‘stifled’ by HLCs
Nationwide has announced that up to 800,000 UK mortgage consumers have been charged over £1 billion in unnecessary higher lending charges (HLCs) over the last five years. Having abolished HLCs in 2000, Nationwide Building Society has estimated that borrowers in the UK have paid a substantial amount in unnecessary charges.
Clydesdale product matrix
Clydesdale Bank has launched a product matrix which includes buy-to-let and discount rates, available through its broker partners. Including two and five-year buy-to-let products at 4.75 and 4.85 per cent, residential discounts of 1.9 per cent from Clydesdale Bank’s SVR (currently 6.59 per cent) until 2007 are also available. The product range is available as offset or non-offset.
