Advice for Intelligent Finance customer

Posted on 16 February 2010 by murray


Intelligent Finance wrote to all exisiting mortgage customers on 15 Feb - (in non plain English) indicating a possible reversal of their retirement from the mortgage market. However it is impossible to track down any new mortgage rates or contact anyone to discuss.  As an SVR customer waiting to jump onto the right fixed offset mortgage package I wonder if John Charcol have any inside knowledge on Intelligent Finances intentions in the mortgage market.

Murray

As you are probably aware, when Intelligent Finance withdrew from the mortgage market they set up arrangements within the Lloyds Group to accommodate existing customers.  Offset products were made available through Scottish Widows and non Offset through Halifax.

Their recent announcement changes these arrangements and existing customers can now apply for a product transfer product and remain with Intelligent Finance.  At the moment they have not announced what rate these products will be and whether they will be Fixed or Bank Base Trackers.

Peter

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

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