Average two-year rate on the up: Moneyfacts

Latest data from Moneyfacts states that the average two-year fixed rate mortgage has continued its climb from recent lows to reach 2.52 per cent.

The two-year rate has been moving downwards since 17 August of this year, at which point it hovered around a two-year high of 2.55 per cent.

Two weeks ago the average rate dipped to 2.48 per cent but quickly nudged back up, reaching 2.49 per cent last Friday. It has continued to track upwards since.

On this recent U-turn, Moneyfacts finance expert Charlotte Nelson says: “This could be a simple readjustment as the recent glut of remortgaging activity fades and lenders are therefore not so fearful about protecting their mortgage books. Interest rates swaps have also risen slightly so costs have gone up, too.

“However, only time will tell if this rate rise becomes a longer-term trend or if it’s just a small blip… it’s a funny time of year, coming a couple of months after the base rate rise.”



West One Loans announces new large loan team

West One Loans has announced the formation of ‘Premier Loan Team,’ a group of experienced underwriters who will focus on large loans and complex cases. Specifically, the team will deal with loans consisting of £750,000 or more across the lender’s entire range of products, which includes commercial, both regulated and unregulated residential, and prime unregulated […]

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In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.


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