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Abbey to cut rates on 80% LTV products
Abbey for Intermediaries is set to cut rates on a selection of its 80% LTV products tomorrow and is also launching a key account exclusive home purchase deal.
Big boost to mortgage products in August
The last month has seen the biggest increase in mortgage products in over 20 months with over 1,500 new deals available, Mortgage Brain’s Monthly Product Analysis shows.
Cambridge BS joins L&G Mortgage Club
Legal & General’s Mortgage Club’s directly authorised and appointed representatives will now have access to Cambridge Building Society’s product range.
Action taken against two brokers for mortgage fraud
The Financial Services Authority has taken action against two mortgage brokers for allowing false and misleading mortgage applications to be made to lenders.
Stockton slams Lloyds proc fee rumours as garbage
Nigel Stockton has slammed rumours that his exit from Lloyds Banking Group was due to a change of its strategy to the intermediary market as “total garbage”.
Market forces blamed as Savills axes SLS
Market conditions were blamed for Savills’ decision to close its specialist-lending unit Savills Lending Solution last week.
Abbey cuts rates on two year fixes
Abbey for Intermediaries has cut its rates on its two year fixed rate products by up to 0.24% from Friday.
60% of mortgages were purchases in July
More than six out of 10 mortgage in July were for purchase, data from Charcol.co.uk reveals.
Government says dual pricing is a commercial decision
The government has rejected a broker petition calling for a ban on dual pricing.
Fitch boosts UK securities market
UK prime and buy-to-let securitisations have received a ratings boost from Fitch Ratings on a number of transactions.
George Higginson leaving Intrinsic
George Higginson, group marketing director at Intrinsic Financial Services is leaving the network.
Linx FS switches networks and signs up with PTFS
Linx FS has joined the Personal Touch Financial Services network.
Barclays says no to lending targets
Barclays would refuse to sign up to any government lending targets because it says it would encourage irresponsible lending.
Katie Tucker to leave mortgage industry
Katie Tucker, chief operating officer at Private Finance, is to leave the mortgage industry to become a teacher.
Arrest in Primrose case
A 41 year old man is believed to have been arrested in connection with an investigation into Primrose Associates.
Linx FS joins PTFS
Linx FS has joined the Personal Touch Financial Services network.
