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AFI two-year fix set at 2.79%

Abbey for Intermediaries has launched a new two-year fix at 2.79 per cent and cut its buy-to-let rates by up to 1.04 per cent and its residential mortgage rates by up to 0.75 per cent.

The two-year fix is a key account exclusive and is available for a £995 fee up to 60 per cent LTV. The maximum loan size is £1m.

AFI has cut a buy-to-let two-year fix at 75 per cent LTV for purchasers and remortgagers by 1.04 per cent to 4.15 per cent and a buy-to-let two-year fix at 60 per cent LTV for purchasers by 0.60 per cent to 3.69 per cent.

The cuts to its residential range include a 0.75 per cent cut to its loyalty two-year fix for eligible remortgagers at 70 per cent LTV to 3.29 per cent. There is no fee and it comes with AFI’s remortgage solution. AFI has also cut its three-year fix for homebuyers at 70 per cent LTV reduced by 0.35 per cent to 3.09 per cent with a 2.5 per cent fee.


BankofEngland BoE Bank 190

Bank holds base rate at 0.5% with no more QE

The Bank of England’s Monetary Policy Committee has held the base rate today at 0.5 per cent for the 42nd month in a row with no further extension to quantitative easing.

MS Leader: Look to your laurels

After a year-long investigation into the way incentive schemes drive misselling, the FSA came to a conclusion brokers are only too aware of – big direct salesforces are too often failing consumers with a rotten sales culture and fixation with short-term profit.

Only 1% rise in new advances for Q2 2012

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Spicerhaart becomes AR of L&G Network

Estate agency group Spicerhaart has joined Legal & General Network as an appointed representative on a long-term contract.

Time for a new approach to asset allocation

Trevor Greetham, RLAM’s head of multi asset, introduces the recentlylaunched RL GMAPs. Asset allocation has become an increasingly difficult challenge for investors and advisers in the years since the financial crisis. Sometimes violent price swings in stock and commodity markets coupled with the collapse in the rate of interest on bonds have made it harder […]


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