View more on these topics

New fee free fixed-rate deals from Abacus Permanent

Abacus Permanent have joined forces with Preferred Mortgages to offer new fixed-rate purchase and remortgage deals, all of which are fee free.

Two and three year terms are available at LTV’s up to 85%, with rates starting at 7.04%.

Unusual property types, gifted deposits, and non UK resident cases are all acceptable.

Purchase deals and remortgages will attract a free standard valuation,and remortgage cases over £100,000 will also benefit from free legals with Goldsmith Williams.

“With almost 1.5 million fixed-rate deals due to come to an end this year, many clients will be facing payment shock,” says head of Abacus Nikki Haworth.

“Fee assisted deals such as this help take some of the pain out of remortgaging. They’re on all of the sourcing systems now, and we’re expecting a high demand.”

Recommended

Our city market man Rob Gill has the following update for us

The US suffered two Northern Rock style crises last week. Firstly, U$22bn hedge fund, Carlyle Capital Corporation, collapsed as all 14 of its creditor banks called in their debts. Even more dramatically, Bear Stearns sought and received emergency funding from the Fed in conjunction with JP Morgan on Friday, and by Sunday had been sold […]

Scot Wids closes telephone support service

Scottish Widows Bank closed its telephone support service from 5pm yesterday evening until March 17 in order to catch up on unprecedented volumes of mortgage applications.Scottish Widows says every effort is being made to process applications as quickly as possible whilst maintaining underwriting quality.The progress of each individual mortgage application will be given as soon […]

LeadPoint reveals debt lead demand rise

LeadPoint has revealed it is now trading 200 debt leads every day.The trading exchange platform says it has experienced a steady increase in demand for individual voluntary arrangements and debt leads after launching into the sector in January.Nick Chapman, managing director of LeadPoint, says: “With the current market conditions, brokers need to diversify into new […]

Brokers warned technology may fall short of TCF guidelines

Data management firm iiCon has warned that a high number of brokers still don’t have systems capable of testing Treating Customers Fairly. This comes as a result of the Financial Services Authority’s newsletter to financial advisers, highlighting the need for further improvement ahead of its March TCF deadline.At present, even those brokers who submit applications […]

Newsletter

News and expert analysis straight to your inbox

Sign up