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RBS IP cuts fixed rates

Royal Bank of Scotland Intermediary Partners has cut the rates on its select 2-year fixed rate products.

The First Active 2-year fixed rate online only product available at up to 75% LTV will be reduced to 5.20% from 5.55% with a £999 arrangement fee until January 31 2011. The long term rate is 4.29%.

RBSIP says it won’t charge basic legal or valuation fees for a standard residential remortgage.

And it says it will accept overpayments of up to 10% of the original balance per annum during the initial deal period.

The RBS IP two-year fixed rate available at max 60% LTV will be reduced to 4.89% from 4.99% with a £999 arrangement fee until January 31 2011.


BoS to pay proc fees on product transfer deals

Brokers received an early Christmas present from the Bank of Scotland last week when the lender said it would start paying proc fees on its online product transfer and further advance deals. launches £1m loan

Pawn broker has upped its maximum loan value to £1m to meet the increasing demand for credit.

Eight lenders to pass on full rate cut

Eight of the UK’s largest lenders are passing on last week’s Bank of England base rate cut of 1% to existing customers on tracker mortgage deals.

Who cares?

By Tracey Dickson, marketing consultant There are almost 7 million carers in the UK – that’s around 10 per cent of the population who provide unpaid care for a disabled, seriously ill or older loved one.1 But according to a report from the charity Carers UK, 20 per cent of people providing 50 hours or more of care […]


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