Pink Home Loans increased its business volumes by 20% in January compared with the same period last year. The value of its secured loan completions also rose by 40%.
RBS for Intermdiaries is increasing the rate of its First Active five-year fixed rate remortgage range from 5.6% to 5.75%. The fix applies until April 30 2013 and features a £799 arrangement fee.
The chancellor Alistair Darling’s maiden Budget offers no real respite for first-time buyers says Firstrungnow.com’s managing director Helen Adams.She says that the the governent continues to leave the next generation high and dry by offering almost no relief in terms of tax or Stamp Duty. She says: “Simply allowing shared ownership property buyers only to […]
Mortgages PLC is withdrawing its self-cert facility for employed applicants and increasing its initial mortgage and reversion rates by 0.25%. The changes will take effect from tomorrow.
Abbey has warned that the chancellor Alistair Darling needs to be realistic about consumer appetite for 25-year long-term fixed rate deals.Darling called on lenders in his Budget today to develop long term flexible mortgages. Four years ago Gordon Brown commissioned economist Professor David Miles to conduct a study into long-term fixed rates. But the main […]
According to our recent report on the death of retirement, changes in workplace pension provision mean that coming generations of retirees could have a radically different experience of retirement from their parents. The average contribution rate into an old-style final salary pension was around 20 per cent of total wages, the statutory minimum for a […]
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