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News analysis: House price indices don’t add up

Significant differences between property indices serve only to muddy the waters as they make it very difficult to establish what the market trends really are The glut of different house price indices is creating confusion rather than clarity about the state of the property market, say experts. In recent months, two of the main property […]

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NatWest to bring in new high-value remortgages

NatWest is bringing in 12 high-value remortgages based on loan balance and LTV rather than just LTV. The products come in next Monday and will feature in NatWest’s remortgage range for those with loans of £500,000 and over. The firm is also bringing in 12 products for loans of £500,000 and above. A NatWest statement […]

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L&G appoint new product director

  Legal & General has appointed Mark Jones to the role of product director of UK protection, within its insurance division. Jones joins from Sun Life. He will be responsible for the developer of both retail and group protection products, and will report into the managing director for UK protection, Steve Griffiths. Griffith says:  “We […]

Aldermore revamps buy-to-let range

Specialist lender Aldermore has re-vamped its buy-to-let mortgage range, lowering rates for company landlords, reducing early repayment charges and introducing new fee-free options. The new rates for company landlords will now be aligned to the buy-to-let deals offered to individuals. These will be effective from 23 April. Aldermore is also reducing rates for multi-unit freehold […]

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BoE director notes growing ‘risky’ mortgage lending

A Bank of England director has today urged caution over rising levels of risky mortgage lending. This includes mortgage lenders loosening credit standards, according to Bank executive director for financial stability strategy and risk Alex Brazier. Speaking at Imperial College today, Brazier said a slowing in buy-to-let and new buyers had “masked the effect of looser […]

Government calls for new rules to protect tenants

The Residential Landlords Association has welcomed a government report that calls for more action from local authorities to address low standards in the private rented sector. The Housing, Communities and Local Government Select Committee has published a number of recommendations on ways to drive up standards in the private rented sector. The report calls for […]