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Strong deals have followed MPC rate rise, says Clear Cut

Clear Cut Mortgages says that as the dust settles following the MPC&#39s rate rise, strong deals are emerging from the rate-raising gloom.

Clear Cut says that some of the best deals on the market remain fixed and discount deals.

Ben Thompson, director at Clear Cut Mortgages, says: “The Nationwide 0.35% increase was a surprise, but it&#39s worth closer inspection. It may seem uncompetitive compared to the likes of Abbey and HSBC but it&#39s actually an increase from a lower level in comparison to other lenders.

However, Clear Cut certainly wouldn&#39t expect Nationwide to pass on a full rise if and when the rates are hiked again.

“Consumers concerned that interest rates are likely to go up substantially over the coming 12 months should be considering fixes from Britannia, at 4.19% for two years or Principality at 4.79%.

“However, for those of us who do not believe that rates are likely to go up more than 1% over the next year, a discount product remains an attractive option. In this market, Staffordshire and Nottingham are the most attractive deals.

“Borrowers should keep a close eye on the reactions of their mortgage lender and remortgage if necessary – but Clear Cut urges them to get expert advice before choosing their mortgage to ensure they are getting the best deal possible.”


Blonde ambition

Bristol-based mortgage network Whitechurch is hoping to win over intermediaries by sending them this cheeky postcard over the next fortnight. The saucy seaside postcard, pictured here for the first time, features a scantily clad cartoon lady whose assets are just about covered by a swimsuit daubed with the word &#39fees&#39. A mortgage broker nearly falls […]

You can make it

The self-build market now accounts for one in four detached properties built in the UK – more than are being built by any housebuilding company. Some 20,000 self-builds and renovations are completed each year. In comparison Persimmon built just 12,051 in 2001, Wimpey built 11,537 and Barratt built 5,498. The vast majority of self-build properties […]

Accord latest lender partner of Mortgage Brain

Accord Mortgages is to become the latest lender partner of mortgage sourcing provider Mortgage Brain. Lender partners have the opportunity to proactively verify key mortgage product features as displayed on the Mortgage Brain sourcing system, and it is the only system to offer this capability. Accord will begin to verify its products later this year, […]

Ian Menzies-Gow takes the chair

Neil Hannah is stepping down as chairman of the Derbyshire and will be replaced by current deputy-chairman Ian Menzies-Gow. Hannah retired last month having joined the Derbyshire&#39s board of directors in 1992. He became deputy-chairman in 1998 and chairman the following year. A fellow of the Royal Institution of Chartered Surveyors, he has practised for […]


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