Monthly Archives: August 2011

Direct Line has pulled out of the life insurance market with immediate effect.

A notice on the company’s website states that Direct Line, which is owned by Royal Bank of Scotland, is no longer accepting new life cover, life cover with critical illness, or over 50s life cover business.

Should you therefore need life cover and or critical illness cover then you should call us now on 01489 580020 or email us your requirements on www.parkgate.net/contact-us/

I was extremely pleased with the advice that Louise gave me regarding my mortgage. She was very helpful in finding the best deal for me. Louise went the extra mile in keeping in contact with the mortgage company for me when the purchase of the house took longer than expected and kept me in the loop at all time. I would recommend Park Gate Mortgages to friends and family.

Louise, has been incredibly helpful to both my husband and myself, always giving us thorough explanations of our options and so courteous. We have been extremely satisfied with Louise’s care and professionalism throughout. We will be of course using the company and Louise again and would highly recommend her services. Many thanks.

The Bank of England confirmed on Thursday 4th August that the base rate will remain on hold at 0.50%. The Monetary Policy Committee (MPC) also voted not to inject any more money into the economy through its quantitative easing (QE) program. Minutes released later in the month will show whether there was a split in opinion amongst the members of the committee. Two MPC members voted to increase rates last month. There was also one vote to increase the QE program.

Inhouse opinion is that rates will stay low, possibly unchanged at 0.50% until March 2012