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Bupa Release Enhanced Features for Life Insurance and Critical Illness Cover

April 5th, 2009

Bupa’s award winning critical illness cover just got a whole lot better  Bupa are to make a series of enhancements to their suite of critical illness products giving you even more reasons to choose Bupa Individual Protection. Their aim is to offer a simple, flexible and extensive critical illness policy to your customers.

The enhancements include:

offering a contract with reduced underlying cost where certain critical illnesses are excluded for those with cardiovascular and diabetic conditions who would previously have had cover rejected

utilising Bupa’s global presence and knowledge of 5,500 hospital and treatment centres - members may no longer have to be repatriated for confirmation of diagnosis

extending the scope of our cover by removing the age condition of 65 years for Alzheimer’s disease, motor neurone disease, Parkinson’s disease and dementia extending cover to age 70 for waiver of premium and total permanent disability benefit

providing an additional partial benefit payment for low-grade prostate cancer and mastectomy in the presence of ductal carcinoma in situ alongside standard benefit payment

reducing the number of general exclusions applied to cover to one – self inflicted injury

removing the alcohol and drug misuse exclusion from cardiomyopathy and liver failure

Click here to make an enquiry for your life insurance and critical illness cover.

Latest Changes to Mortgage Lender Products

April 5th, 2009

Manchester Building Society have reduced their SVR by 0.25% to 4.84%.

Abbey (Intermediary):
Fees reduced on 2 year 75% LTV trackers.
New First Time Buyer 4 year fixed rate at 85% LTV launched.

Skipton:
85% LTV products withdrawn. Maximum lending will now be to 75% LTV.
Reduced SVR by 0.5% to 3.5%.

Bank of Scotland and Halifax have now capped the maximum loans on all fast track products to £500,000.

RBSIP First Active and RBSIP Royal Bank of Scotland:
Have reduced 2 year fixed rates at 75% LTV by 0.10%.
New 2 year fixed rates at 80% LTV launched.

Alliance and Leicester (Intermediary):
New 5 year fixed rate at 5.99% at 85% LTV launched for Purchases only.

First National have withdrawn all products.

Monmouthshire Building Society has reduced SVR to 4.99%.

Dunfermline Building Society reduces SVR by 0.30% to 5.19%.

Halifax Further Advance/Product Transfer ranges:
4 year trackers replaced by 5 year trackers. Rates remain unchanged.
New 4 year fixed rate products launched.

Mortgage Introducer Latest Polls and Articles

April 5th, 2009

Reader poll: What do you think will happen to house prices in the next six months? Vote now on our home page

Latest News:

All signs point to imminent house price recovery

Hopkinson thinks Nationwide figures are a statistical blip

RICS comment on Nationwide house price data

Vision switches on to Paymentshield

Credit Issues echoes MoJ introducer guidelines

more introducer news..

Alliance & Leicester Launch New Mortgage Range

March 31st, 2009

On Monday 23rd March we are making further improvements to our mortgage range. We are introducing brand new 4 year Fixed products:

4 year Fixed, £495 fee, 65% LTV, 4.49%, max loan £550k
4 year Fixed, £495 fee, 75% LTV, 4.69%, max loan £550k

We are also reducing the rate by up to 0.20% on most of our 2 year Fixed products:

2 year Fixed, 1% fee, 65% LTV, rate reduced to 3.49%
2 year Fixed, 1% fee, 75% LTV, rate reduced to 3.69%
2 year Fixed, £995 fee, 65% LTV, rate reduced to 3.64%
2 year Fixed, £995 fee, 75% LTV, 4.09%, rate reduced to 3.89%
2 year Fixed, £299 fee, 75% LTV, 4.29%, rate reduced to 4.09
2 year Fixed, no fee, 75% LTV, 4.49%, rate reduced to 4.29%