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RBSIP hikes five-year rate

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.

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BUY-TO-LET SUMMIT 2008: Optimistic outlook for B2L

Mortgage Strategy’s Buy-to-let Summit has kicked off this morning with statistics revealing positive prospects for the sector.Speaking at the Four Seasons Hotel in Fleet, Hampshire, Michael Ball, professor of urban and property economics at Reading University, outlined a raft of figures and reports that give cause for optimism for buy-to-let landlords and lenders.He says: “The […]

Elephant has loan extended

Elephant Loans and Mortgage has had its loan terms extended by Trafalgar Capital Specialised Investment Fund. The firm and principal lender to the company says it will defer capital payments until December 31 2008 at which point repayments will commence at a rate of £15,000 per month.Some 16 such payments will fall due at the […]

Gold standard for MBS plan rapped

The government’s plan to introduce a gold standard for mortgage-backed securities is under fire from industry pundits who question its scope. Chancellor Alistair Darling is expected to unveil the standard in Wednesday’s Budget in a bid to reopen the wholesale mortgage funding market. If approved, MBS tranches that meet the government’s standards of creditworthiness will […]

Commercial appointment

Steve Sales, formerly regional sales manager at Commercial First, has joined broker Verizon Capital as a commercial finance consultant.

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